Landscape Capital Management L.L.C. Has $1.17 Million Stock Holdings in Paramount Global (NASDAQ:PARA)

Landscape Capital Management L.L.C. lessened its stake in shares of Paramount Global (NASDAQ:PARA) by 42.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 111,963 shares of the company’s stock after selling 82,203 shares during the period. Landscape Capital Management L.L.C.’s holdings in Paramount Global were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Yoffe Investment Management LLC acquired a new stake in shares of Paramount Global during the fourth quarter valued at about $116,000. Atlas Capital Advisors Inc. acquired a new stake in Paramount Global during the 4th quarter worth approximately $35,000. Pitcairn Co. bought a new stake in Paramount Global during the 4th quarter worth approximately $185,000. Geode Capital Management LLC increased its position in Paramount Global by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 15,567,531 shares of the company’s stock valued at $162,731,000 after acquiring an additional 724,565 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of Paramount Global by 401.8% during the fourth quarter. National Bank of Canada FI now owns 177,677 shares of the company’s stock valued at $1,859,000 after acquiring an additional 142,267 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PARA shares. Deutsche Bank Aktiengesellschaft downgraded Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday. Guggenheim reissued a “buy” rating and issued a $14.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Paramount Global in a research note on Thursday, February 27th. StockNews.com started coverage on shares of Paramount Global in a research report on Sunday, March 30th. They set a “hold” rating for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Paramount Global in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.09.

Paramount Global Trading Down 3.6 %

Shares of Paramount Global stock opened at $11.07 on Friday. The stock has a market capitalization of $7.38 billion, a PE ratio of -1.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The stock has a 50 day moving average price of $11.38 and a two-hundred day moving average price of $10.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Paramount Global (NASDAQ:PARA) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.29). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The business had revenue of $7.98 billion during the quarter, compared to analyst estimates of $8.07 billion. As a group, equities analysts anticipate that Paramount Global will post 1.77 earnings per share for the current fiscal year.

Paramount Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Monday, March 17th. Paramount Global’s payout ratio is presently -2.15%.

Paramount Global Company 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.