Paramount Global (NASDAQ:PARAA) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in shares of Paramount Global (NASDAQ:PARAA) by 0.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,718,711 shares of the company’s stock after buying an additional 25,444 shares during the quarter. Gamco Investors INC. ET AL owned about 0.41% of Paramount Global worth $60,627,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Mariner LLC boosted its stake in shares of Paramount Global by 10.0% during the fourth quarter. Mariner LLC now owns 15,657 shares of the company’s stock valued at $349,000 after acquiring an additional 1,425 shares during the last quarter. Guardian Investment Management acquired a new position in Paramount Global in the fourth quarter worth $963,000. State Street Corp increased its holdings in shares of Paramount Global by 20.2% in the 3rd quarter. State Street Corp now owns 49,366 shares of the company’s stock worth $1,082,000 after acquiring an additional 8,287 shares during the period. Bank of New York Mellon Corp increased its stake 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 valued at $2,784,000 after buying an additional 102,165 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Paramount Global by 16.7% during the third quarter. Geode Capital Management LLC now owns 247,015 shares of the company’s stock valued at $5,400,000 after purchasing an additional 35,305 shares during the last quarter. Institutional investors and hedge funds own 5.98% of the company’s stock.

Paramount Global Trading Up 1.2 %

Paramount Global stock opened at $22.82 on Tuesday. The company has a 50 day moving average price of $22.68 and a 200 day moving average price of $22.48. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of -2.78 and a beta of 1.33. Paramount Global has a 52 week low of $16.59 and a 52 week high of $26.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27.

Paramount Global (NASDAQ:PARAA) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). Paramount Global had a negative net margin of 18.89% and a positive return on equity of 5.81%. The company had revenue of $7.98 billion during the quarter, compared to the consensus estimate of $8.07 billion. Research analysts forecast that Paramount Global will post 2.25 EPS for the current year.

Paramount Global Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, March 17th. Paramount Global’s dividend payout ratio is currently -2.15%.

About Paramount Global

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.