Citigroup Inc. Takes $3.62 Million Position in Paramount Skydance Corporation $PSKY

Citigroup Inc. bought a new position in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 191,495 shares of the company’s stock, valued at approximately $3,623,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in Paramount Skydance during the 3rd quarter valued at about $678,726,000. Bank Pictet & Cie Europe AG bought a new stake in Paramount Skydance during the third quarter worth $47,983,000. JPMorgan Chase & Co. bought a new stake in Paramount Skydance during the third quarter worth $41,864,000. Poehling Capital Management INC. purchased a new stake in Paramount Skydance in the 3rd quarter valued at $12,003,000. Finally, Rhumbline Advisers purchased a new stake in Paramount Skydance in the 3rd quarter valued at $10,716,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Stock Down 2.6%

PSKY stock opened at $11.74 on Friday. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 18.63 and a beta of 1.15. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26. The stock has a fifty day moving average of $11.69 and a 200-day moving average of $14.50.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $999.02. Paramount Skydance had a negative net margin of 2.15% and a positive return on equity of 3.82%. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $8.17 billion.

Paramount Skydance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, March 16th. Paramount Skydance’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PSKY shares. Guggenheim lifted their price objective on shares of Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Sanford C. Bernstein boosted their price target on shares of Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a report on Wednesday, November 12th. TD Cowen reduced their price objective on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Morgan Stanley increased their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Finally, Wall Street Zen upgraded Paramount Skydance to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.77.

Paramount Skydance Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.