182,331 Shares in Paramount Global (NASDAQ:PARAA) Acquired by Mark Asset Management LP

Mark Asset Management LP acquired a new position in Paramount Global (NASDAQ:PARAA) in the 2nd quarter, Holdings Channel reports. The firm acquired 182,331 shares of the company’s stock, valued at approximately $3,351,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Paramount Global by 708.2% in the first quarter. GAMMA Investing LLC now owns 1,285 shares of the company’s stock valued at $28,000 after purchasing an additional 1,126 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Paramount Global by 416.3% in the first quarter. Russell Investments Group Ltd. now owns 2,592 shares of the company’s stock valued at $57,000 after purchasing an additional 2,090 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Paramount Global by 5.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,953 shares of the company’s stock valued at $239,000 after purchasing an additional 537 shares during the period. SageView Advisory Group LLC purchased a new position in shares of Paramount Global in the fourth quarter valued at $284,000. Finally, Welch Group LLC bought a new position in Paramount Global during the 2nd quarter valued at $298,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

Paramount Global Trading Up 0.2 %

NASDAQ PARAA opened at $21.79 on Friday. Paramount Global has a 12 month low of $13.40 and a 12 month high of $26.34. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.15. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of -145.27 and a beta of 1.66. The company’s fifty day moving average price is $22.44 and its two-hundred day moving average price is $21.61.

Paramount Global (NASDAQ:PARAA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.36. Paramount Global had a negative net margin of 17.62% and a positive return on equity of 4.88%. The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $7.55 billion. As a group, research analysts predict that Paramount Global will post 1.91 earnings per share for the current fiscal year.

Paramount Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. Paramount Global’s dividend payout ratio (DPR) is -133.33%.

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.