Envestnet Asset Management Inc. Makes New $1.01 Million Investment in Paramount Skydance Corporation $PSKY

Envestnet Asset Management Inc. bought a new stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 53,126 shares of the company’s stock, valued at approximately $1,005,000.

Several other institutional investors have also modified their holdings of the business. Versant Capital Management Inc acquired a new stake in Paramount Skydance during the 3rd quarter valued at approximately $39,000. Private Trust Co. NA acquired a new stake in shares of Paramount Skydance during the third quarter worth approximately $47,000. Guerra Advisors Inc bought a new stake in shares of Paramount Skydance in the third quarter worth $48,000. Sound Income Strategies LLC acquired a new stake in Paramount Skydance in the third quarter valued at $49,000. Finally, Atlantic Union Bankshares Corp bought a new position in Paramount Skydance during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Key Headlines Impacting Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: FCC chair signals a fast, favorable review of the WBD-Paramount deal, reducing regulatory overhang and making closing more likely. FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner’ than Netflix’s, will be approved ‘quickly’
• Positive Sentiment: Paramount reports momentum on European regulatory progress, which could smooth international approvals and reduce transaction friction. Paramount Claims Early European Regulatory Progress For WBD Deal
• Neutral Sentiment: Analyst update: Guggenheim raised PSKY’s price target to $14 and kept a neutral rating — a mild endorsement but not a bullish upgrade. Guggenheim raises price target to $14
• Neutral Sentiment: Management plans to combine HBO Max and Paramount+ after the deal, a strategic move to capture scale in streaming but one that entails execution risk and uncertain near-term costs/savings. Paramount+ and HBO Max to merge into one streaming service after WBD deal closes
• Negative Sentiment: Fitch downgraded Paramount’s debt to junk following the WBD acquisition, highlighting increased leverage and greater refinancing risk—this is a key driver of the stock decline. Paramount Skydance Debt Downgraded to Junk Status by Fitch Ratings Following Warner Bros. Discovery Deal
• Negative Sentiment: S&P placed Paramount on a negative credit watch, signalling the risk of further rating action and higher borrowing costs for the combined company. S&P Puts Paramount on Negative Credit Watch
• Negative Sentiment: CEO commentary and filings indicate the deal will leave the combined company with roughly $79B net debt and management plans cost cuts — investors worry about leverage, integration execution and potential layoffs. Paramount CEO says Warner Bros tie-up to carry $79 billion net debt, no cable asset sales planned

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PSKY. Wells Fargo & Company boosted their target price on shares of Paramount Skydance from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Wall Street Zen raised Paramount Skydance to a “hold” rating in a report on Saturday, November 15th. JPMorgan Chase & Co. upped their price objective on Paramount Skydance from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Tuesday, November 4th. TD Cowen decreased their target price on Paramount Skydance from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Finally, Sanford C. Bernstein boosted their price target on Paramount Skydance from $11.00 to $12.00 and gave the company an “underperform” rating in a report on Wednesday, November 12th. One investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.77.

Paramount Skydance Price Performance

PSKY opened at $12.45 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $11.77 and its 200 day moving average price is $14.54. Paramount Skydance Corporation has a fifty-two week low of $9.95 and a fifty-two week high of $20.86. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 19.45 and a beta of 1.15.

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

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.20 annualized dividend and a yield of 1.6%. Paramount Skydance’s dividend payout ratio (DPR) is currently 31.25%.

Paramount Skydance Company 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.