Paramount Global (NASDAQ:PARA) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in Paramount Global (NASDAQ:PARA) by 11.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,808,989 shares of the company’s stock after purchasing an additional 397,231 shares during the period. Deutsche Bank AG owned approximately 0.57% of Paramount Global worth $39,842,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Paramount Global by 140.1% in the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock valued at $25,000 after purchasing an additional 1,395 shares in the last quarter. Ossiam grew its holdings in shares of Paramount Global by 57.2% in the fourth quarter. Ossiam now owns 2,810 shares of the company’s stock valued at $29,000 after purchasing an additional 1,022 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Paramount Global in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. grew its holdings in shares of Paramount Global by 187.8% in the fourth quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock valued at $32,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Paramount Global in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PARA. Morgan Stanley reduced their price target on Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft lowered Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research report on Wednesday, April 2nd. Benchmark reduced their price target on Paramount Global from $19.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Finally, UBS Group lowered their target price on shares of Paramount Global from $11.00 to $10.00 and set a “sell” rating for the company in a research note on Tuesday, April 15th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.58.

Paramount Global Stock Up 0.3%

PARA stock opened at $11.99 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. Paramount Global has a twelve month low of $9.54 and a twelve month high of $13.36. The company’s 50 day moving average is $11.45 and its two-hundred day moving average is $11.09. The stock has a market cap of $8.04 billion, a P/E ratio of -1.46, a PEG ratio of 1.68 and a beta of 1.25.

Paramount Global (NASDAQ:PARA) last announced its earnings results on Thursday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Research analysts expect that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a $0.05 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.67%. Paramount Global’s dividend payout ratio (DPR) is presently -2.43%.

Paramount Global Profile

Paramount Global operates as a media, streaming, and entertainment company worldwide. It operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates CBS Television Network, a domestic broadcast television network; CBS Stations, a television station; and international free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; domestic premium and basic cable networks, such as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and international extensions of these brands.