Paramount Global (NASDAQ:PARA) Shares Acquired by Lingotto Investment Management LLP

Lingotto Investment Management LLP raised its holdings in Paramount Global (NASDAQ:PARA) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,753,299 shares of the company’s stock after buying an additional 1,593,579 shares during the quarter. Paramount Global accounts for 12.6% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 3rd largest holding. Lingotto Investment Management LLP owned about 6.71% of Paramount Global worth $468,120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock worth $25,000 after acquiring an additional 1,395 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Paramount Global by 162.8% during the 3rd quarter. Blue Trust Inc. now owns 2,539 shares of the company’s stock worth $26,000 after purchasing an additional 1,573 shares in the last quarter. Huntington National Bank grew its stake in shares of Paramount Global by 129.0% in the 3rd quarter. Huntington National Bank now owns 2,771 shares of the company’s stock valued at $29,000 after buying an additional 1,561 shares during the period. Kennebec Savings Bank bought a new stake in Paramount Global in the 3rd quarter valued at about $47,000. Finally, FNY Investment Advisers LLC raised its stake in Paramount Global by 102.4% during the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock worth $75,000 after buying an additional 3,654 shares during the period. 73.00% of the stock is currently owned by institutional investors.

Paramount Global Trading Down 1.5 %

NASDAQ PARA opened at $11.50 on Wednesday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of -1.40, a PEG ratio of 1.68 and a beta of 1.69. The business’s fifty day moving average is $10.77 and its 200-day moving average is $10.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a one year low of $9.54 and a one year high of $14.54.

Paramount Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.74%. Paramount Global’s payout ratio is currently -2.43%.

Analyst Ratings Changes

Several research firms have recently commented on PARA. Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. Morgan Stanley boosted their price target on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Macquarie reissued an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Paramount Global presently has a consensus rating of “Hold” and a consensus target price of $12.58.

About Paramount Global

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.