Inceptionr LLC Acquires 2,648 Shares of Paramount Global (NASDAQ:PARA)

Inceptionr LLC grew its holdings in Paramount Global (NASDAQ:PARA) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,422 shares of the company’s stock after acquiring an additional 2,648 shares during the period. Inceptionr LLC’s holdings in Paramount Global were worth $317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Yousif Capital Management LLC lifted its position in Paramount Global by 11.9% during the third quarter. Yousif Capital Management LLC now owns 109,781 shares of the company’s stock valued at $1,416,000 after purchasing an additional 11,700 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in Paramount Global during the 3rd quarter worth approximately $433,000. New Mexico Educational Retirement Board lifted its holdings in Paramount Global by 7.8% during the third quarter. New Mexico Educational Retirement Board now owns 26,399 shares of the company’s stock valued at $341,000 after purchasing an additional 1,900 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Paramount Global by 8.4% in the third quarter. Empirical Finance LLC now owns 17,654 shares of the company’s stock worth $228,000 after purchasing an additional 1,370 shares during the period. Finally, WFA of San Diego LLC increased its stake in shares of Paramount Global by 635.0% in the third quarter. WFA of San Diego LLC now owns 2,646 shares of the company’s stock worth $34,000 after purchasing an additional 2,286 shares in the last quarter. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Paramount Global Trading Up 0.2 %

Shares of Paramount Global stock traded up $0.03 on Thursday, hitting $12.59. 4,672,430 shares of the company traded hands, compared to its average volume of 19,692,762. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market cap of $8.39 billion, a PE ratio of -83.73, a PEG ratio of 0.39 and a beta of 1.74. The stock’s 50 day moving average price is $11.89 and its 200-day moving average price is $12.98. Paramount Global has a 52 week low of $10.12 and a 52 week high of $17.50.

Paramount Global (NASDAQ:PARA) last issued its earnings results on Monday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. Paramount Global had a positive return on equity of 3.35% and a negative net margin of 0.15%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.73 billion. During the same period in the previous year, the company posted $0.09 EPS. Paramount Global’s revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that Paramount Global will post 1.32 EPS for the current year.

Paramount Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.59%. The ex-dividend date is Monday, June 17th. Paramount Global’s payout ratio is -133.32%.

Analysts Set New Price Targets

PARA has been the subject of several recent analyst reports. Needham & Company LLC downgraded shares of Paramount Global from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Wolfe Research raised Paramount Global from an “underperform” rating to a “peer perform” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Paramount Global from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, February 28th. Morgan Stanley reduced their price objective on shares of Paramount Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Paramount Global from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Paramount Global presently has a consensus rating of “Hold” and a consensus price target of $13.58.

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.