Financial Engines Advisors L.L.C. Makes New $127,000 Investment in Paramount Global (NASDAQ:PARA)

Financial Engines Advisors L.L.C. acquired a new stake in shares of Paramount Global (NASDAQ:PARA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,154 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Paramount Global by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 67,040,366 shares of the company’s stock worth $701,242,000 after buying an additional 761,561 shares during the period. Lingotto Investment Management LLP raised its position in shares of Paramount Global by 3.7% during the fourth quarter. Lingotto Investment Management LLP now owns 44,753,299 shares of the company’s stock worth $468,120,000 after purchasing an additional 1,593,579 shares during the period. State Street Corp lifted its holdings in shares of Paramount Global by 18.4% in the 3rd quarter. State Street Corp now owns 44,154,027 shares of the company’s stock worth $470,695,000 after purchasing an additional 6,848,037 shares in the last quarter. Geode Capital Management LLC grew its position in Paramount Global by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company’s stock valued at $157,168,000 after purchasing an additional 1,606,779 shares during the period. Finally, Contrarius Group Holdings Ltd bought a new stake in Paramount Global during the 4th quarter valued at $146,230,000. Institutional investors own 73.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a report on Thursday, February 27th. Morgan Stanley raised their price target on shares of Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Benchmark reissued a “buy” rating and set a $19.00 price objective on shares of Paramount Global in a report on Thursday, February 27th. StockNews.com assumed coverage on Paramount Global in a report on Saturday, March 22nd. They issued a “hold” rating on the stock. Finally, Guggenheim reiterated a “buy” rating and set a $14.00 price target on shares of Paramount Global in a report on Thursday, February 27th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Paramount Global has an average rating of “Hold” and an average price target of $12.10.

Paramount Global Price Performance

PARA opened at $11.56 on Friday. Paramount Global has a fifty-two week low of $9.54 and a fifty-two week high of $14.54. The firm has a 50-day moving average of $11.28 and a 200 day moving average of $10.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market cap of $7.71 billion, a P/E ratio of -1.41, a PEG ratio of 1.68 and a beta of 1.60.

Paramount Global (NASDAQ:PARA) last released its earnings results on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $8.07 billion. Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. On average, research analysts expect that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. Paramount Global’s dividend 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.