Royal Bank of Canada Raises Stock Position in Paramount Skydance Corporation $PSKY

Royal Bank of Canada grew its holdings in Paramount Skydance Corporation (NASDAQ:PSKY) by 16.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,313 shares of the company’s stock after acquiring an additional 66,870 shares during the period. Royal Bank of Canada’s holdings in Paramount Skydance were worth $4,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. purchased a new stake in shares of Paramount Skydance during the third quarter worth about $1,914,000. Dimensional Fund Advisors LP purchased a new position in Paramount Skydance in the 3rd quarter worth approximately $33,860,000. Orion Porfolio Solutions LLC bought a new position in Paramount Skydance in the 3rd quarter worth approximately $735,000. First Trust Advisors LP bought a new position in Paramount Skydance in the 3rd quarter worth approximately $15,877,000. Finally, Natixis Advisors LLC purchased a new stake in Paramount Skydance during the 3rd quarter valued at approximately $416,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Trading Up 4.9%

Shares of NASDAQ PSKY opened at $9.97 on Friday. Paramount Skydance Corporation has a fifty-two week low of $7.62 and a fifty-two week high of $20.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.88 and a current ratio of 1.04. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 0.61 and a beta of 1.45. The business’s 50 day moving average price is $9.41 and its 200-day moving average price is $10.18.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Paramount Skydance had a positive return on equity of 4.11% and a negative net margin of 2.13%.The company had revenue of $6.91 billion for the quarter. On average, sell-side analysts expect that Paramount Skydance Corporation will post 0.58 earnings per share for the current year.

Paramount Skydance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 68.97%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PSKY. TD Cowen reduced their price objective on shares of Paramount Skydance from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. UBS Group cut their target price on shares of Paramount Skydance from $10.00 to $8.00 and set a “sell” rating for the company in a research note on Wednesday, August 5th. Morgan Stanley upgraded shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $14.00 in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Paramount Skydance from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Finally, Arete Research reissued a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and a consensus target price of $11.38.

Key Paramount Skydance News

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount is reportedly willing to sell CNN or place it under an independent oversight board to address antitrust concerns surrounding the Warner Bros. Discovery deal. A divestiture could remove a key regulatory obstacle and improve the transaction’s chances of proceeding. Paramount stock climbs as CNN divestiture emerges as an option
• Positive Sentiment: The company’s planned 30-film theatrical commitment could support Paramount’s film business and provide more content for cinema operators, although the initiative depends partly on the Warner Bros. Discovery merger being completed. Paramount’s 30-film promise
• Positive Sentiment: Paramount’s decision to impose monthly Claude usage limits for technology employees signals an effort to control artificial-intelligence costs and improve spending efficiency. The financial impact is likely modest but directionally supportive. Paramount limits Claude usage
• Neutral Sentiment: Executives David Ellison and Andy Gordon sold shares to cover taxes but retained substantial stakes, reducing concerns that the transactions represent a broad loss of insider confidence. Paramount insiders retain stakes despite tax sales
• Negative Sentiment: The Warner Bros. Discovery transaction remains tied up in litigation and cannot close until after a trial verdict or a specified 2027 deadline. Congressional scrutiny and opposition from state attorneys general add execution risk. Paramount CEO invited to House interview

Paramount Skydance Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.