Paramount Global (NASDAQ:PARA) Stock Holdings Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in Paramount Global (NASDAQ:PARA) by 40.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,116 shares of the company’s stock after selling 55,506 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Paramount Global were worth $863,000 as of its most recent filing with the SEC.

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

Paramount Global Stock Up 1.6 %

PARA stock opened at $11.67 on Tuesday. The company’s 50 day simple moving average is $10.76 and its 200-day simple moving average is $10.72. Paramount Global has a 52-week low of $9.54 and a 52-week high of $14.54. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $7.78 billion, a P/E ratio of -1.42, a P/E/G ratio of 1.68 and a beta of 1.69.

Paramount Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. Paramount Global’s payout ratio is currently -2.43%.

Analyst Ratings Changes

A number of brokerages have issued reports on PARA. Macquarie reaffirmed an “underperform” rating and set a $10.00 price target on shares of Paramount Global in a research note on Monday, November 11th. Morgan Stanley raised their target price on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.