4,846 Shares in Paramount Global (NASDAQ:PARAA) Purchased by Quest Partners LLC

Quest Partners LLC bought a new position in Paramount Global (NASDAQ:PARAA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,846 shares of the company’s stock, valued at approximately $106,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PARAA. Gladius Capital Management LP bought a new stake in Paramount Global during the third quarter worth approximately $233,000. Mark Asset Management LP bought a new stake in Paramount Global during the second quarter worth approximately $3,351,000. Squarepoint Ops LLC boosted its holdings in Paramount Global by 120.0% during the second quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock worth $859,000 after buying an additional 25,504 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Paramount Global by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company’s stock worth $2,633,000 after buying an additional 6,309 shares in the last quarter. Finally, Poehling Capital Management INC. boosted its holdings in Paramount Global by 10.2% during the second quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after buying an additional 40,142 shares in the last quarter. Institutional investors own 5.98% of the company’s stock.

Paramount Global Trading Down 0.8 %

Shares of NASDAQ:PARAA opened at $22.76 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market capitalization of $15.18 billion, a price-to-earnings ratio of -2.79 and a beta of 1.66. Paramount Global has a 1-year low of $16.59 and a 1-year high of $26.34. The company has a 50 day moving average price of $22.08 and a 200 day moving average price of $21.55.

Paramount Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. Paramount Global’s dividend payout ratio (DPR) is -2.43%.

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.