Paramount Global (NASDAQ:PARA) Stake Boosted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in shares of Paramount Global (NASDAQ:PARA) by 27.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,254 shares of the company’s stock after purchasing an additional 7,167 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Paramount Global were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Blue Trust Inc. grew 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 valued at $26,000 after buying an additional 1,573 shares during the last quarter. Huntington National Bank increased its holdings 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 stake in Paramount Global in the 3rd quarter valued at about $47,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Paramount Global by 518.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,891 shares of the company’s stock valued at $52,000 after purchasing an additional 4,100 shares during the period. Finally, FNY Investment Advisers LLC grew its position in Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock worth $75,000 after purchasing an additional 3,654 shares during the last quarter. 73.00% of the stock is owned by institutional investors and hedge funds.

Paramount Global Trading Down 0.9 %

NASDAQ:PARA opened at $10.88 on Friday. The stock has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $10.75. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.70. Paramount Global has a 1-year low of $9.54 and a 1-year high of $15.70. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85.

Paramount Global (NASDAQ:PARA) last issued its earnings results on Friday, November 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.24 by $0.25. The business had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. Paramount Global’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Sell-side analysts forecast that Paramount Global will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PARA shares. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a research report on Monday, November 11th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Macquarie reaffirmed an “underperform” rating and issued a $10.00 price target on shares of Paramount Global in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.50.

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.