Missouri Trust & Investment Co Has $373,000 Holdings in Paramount Global (NASDAQ:PARA)

Missouri Trust & Investment Co decreased its holdings in Paramount Global (NASDAQ:PARA) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,655 shares of the company’s stock after selling 1,000 shares during the quarter. Missouri Trust & Investment Co’s holdings in Paramount Global were worth $373,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC grew its position in Paramount Global by 3.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 50,770 shares of the company’s stock worth $531,000 after buying an additional 1,848 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Paramount Global by 14.8% in the fourth quarter. Ballentine Partners LLC now owns 27,866 shares of the company’s stock worth $291,000 after purchasing an additional 3,590 shares during the period. Community Bank of Raymore raised its stake in Paramount Global by 23.3% in the fourth quarter. Community Bank of Raymore now owns 15,880 shares of the company’s stock valued at $166,000 after purchasing an additional 3,000 shares in the last quarter. HB Wealth Management LLC acquired a new stake in Paramount Global during the fourth quarter worth about $127,000. Finally, FNY Investment Advisers LLC increased its holdings in Paramount Global by 102.4% in the 4th quarter. FNY Investment Advisers LLC now owns 7,224 shares of the company’s stock valued at $75,000 after buying an additional 3,654 shares during the period. Institutional investors own 73.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PARA shares. Guggenheim decreased their price objective on shares of Paramount Global from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Macquarie reaffirmed an “underperform” rating and issued a $10.00 price objective on shares of Paramount Global in a research note on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.50.

Paramount Global Trading Up 2.0 %

NASDAQ PARA opened at $10.48 on Wednesday. Paramount Global has a 12 month low of $9.54 and a 12 month high of $15.70. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.85. The business’s 50-day moving average price is $10.74 and its two-hundred day moving average price is $10.77.

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

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.