Wintrust Investments LLC Takes $250,000 Position in Paramount Global (NASDAQ:PARAA)

Wintrust Investments LLC purchased a new stake in Paramount Global (NASDAQ:PARAA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,447 shares of the company’s stock, valued at approximately $250,000.

Several other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of Paramount Global by 1,776.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 482,631 shares of the company’s stock worth $122,000 after buying an additional 456,916 shares during the last quarter. Vanguard Group Inc. purchased a new position in shares of Paramount Global in the 3rd quarter worth approximately $9,701,000. BlackRock Inc. purchased a new position in shares of Paramount Global in the 3rd quarter worth approximately $6,074,000. Cibc World Markets Corp grew its position in shares of Paramount Global by 962.6% in the 2nd quarter. Cibc World Markets Corp now owns 271,376 shares of the company’s stock worth $4,318,000 after buying an additional 245,837 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Paramount Global by 171.4% in the 4th quarter. Millennium Management LLC now owns 317,030 shares of the company’s stock worth $6,217,000 after buying an additional 200,232 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Paramount Global Stock Up 4.5 %

PARAA opened at 17.25 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.09. The firm has a 50 day moving average of 15.52 and a two-hundred day moving average of 17.41. Paramount Global has a 12-month low of 13.40 and a 12-month high of 29.51.

Paramount Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, December 14th. Paramount Global’s dividend payout ratio is currently -11.24%.

Wall Street Analyst Weigh In

PARAA has been the topic of several research analyst reports. Seaport Res Ptn reissued a “buy” rating on shares of Paramount Global in a research report on Friday, November 3rd. TheStreet downgraded Paramount Global from a “c-” rating to a “d+” rating in a report on Wednesday, November 1st.

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.