Wintrust Investments LLC bought a new position in shares of Paramount Global (NASDAQ:PARAA – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,447 shares of the company’s stock, valued at approximately $250,000.
A number of other institutional investors have also added to or reduced their stakes in PARAA. Charles Schwab Investment Management Inc. acquired a new position in shares of Paramount Global in the second quarter valued at $230,000. Citigroup Inc. increased its holdings in shares of Paramount Global by 50.2% in the second quarter. Citigroup Inc. now owns 5,257 shares of the company’s stock valued at $98,000 after purchasing an additional 1,756 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Paramount Global by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 126,879 shares of the company’s stock valued at $2,355,000 after purchasing an additional 11,502 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of Paramount Global by 962.6% in the second quarter. Cibc World Markets Corp now owns 271,376 shares of the company’s stock valued at $4,318,000 after purchasing an additional 245,837 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Paramount Global by 3.1% in the second quarter. Barclays PLC now owns 24,252 shares of the company’s stock valued at $450,000 after acquiring an additional 722 shares during the period. 1.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn reissued a “buy” rating on shares of Paramount Global in a research report on Friday, November 3rd. TheStreet cut shares of Paramount Global from a “c-” rating to a “d+” rating in a research report on Wednesday, November 1st.
Paramount Global Trading Up 4.5 %
PARAA opened at 17.25 on Friday. Paramount Global has a twelve month low of 13.40 and a twelve month high of 29.51. The company has a 50-day simple moving average of 15.52 and a 200 day simple moving average of 17.41. The company has a quick ratio of 1.09, a current ratio of 1.26 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of -9.69 and a beta of 1.63.
Paramount Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.16%. Paramount Global’s dividend payout ratio (DPR) is currently -11.24%.
Paramount Global Profile
Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. Its TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Paramount Media Networks, Nickelodeon, BET Media Group, and CBS Sports.
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