LPL Financial LLC Has $449,000 Holdings in Paramount Global (NASDAQ:PARAA)
2025-04-26T07:08:57Z
LPL Financial LLC decreased its holdings in shares of Paramount Global (NASDAQ:PARAA – Free Report) by 64.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor own…
LPL Financial LLC decreased its holdings in shares of Paramount Global (NASDAQ:PARAA – Free Report) by 64.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,122 shares of the company’s stock after selling 35,884 shares during the quarter. LPL Financial LLC’s holdings in Paramount Global were worth $449,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in Paramount Global by 450.7% during the 4th quarter. Bank of New York Mellon Corp now owns 124,832 shares of the company’s stock worth $2,784,000 after buying an additional 102,165 shares during the period. Guardian Investment Management acquired a new position in shares of Paramount Global during the fourth quarter worth $963,000. Geode Capital Management LLC grew its stake in shares of Paramount Global by 16.7% in the third quarter. Geode Capital Management LLC now owns 247,015 shares of the company’s stock worth $5,400,000 after purchasing an additional 35,305 shares during the last quarter. Finally, State Street Corp increased its holdings in Paramount Global by 20.2% in the third quarter. State Street Corp now owns 49,366 shares of the company’s stock valued at $1,082,000 after purchasing an additional 8,287 shares during the period. Institutional investors own 5.98% of the company’s stock.
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Paramount Global Stock Up 0.4 %
Shares of PARAA opened at $22.57 on Friday. The stock’s 50-day moving average price is $22.63 and its two-hundred day moving average price is $22.50. Paramount Global has a 12 month low of $16.59 and a 12 month high of $26.34. The company has a market capitalization of $15.05 billion, a PE ratio of -2.75 and a beta of 1.33. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85.
Paramount Global Announces Dividend
Paramount Global ( NASDAQ:PARAA Get Free Report ) last announced its earnings results on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.27). The company had revenue of $7.98 billion during 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, analysts anticipate that Paramount Global will post 2.25 EPS for the current year.
The company also recently disclosed 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 0.89%. The ex-dividend date was Monday, March 17th. Paramount Global’s dividend payout ratio (DPR) is presently -2.15%.
Paramount Global Company Profile
(Free Report)
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.
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