Landscape Capital Management L.L.C. Has $1.17 Million Position in Paramount Global (NASDAQ:PARA)

Landscape Capital Management L.L.C. cut its holdings in Paramount Global (NASDAQ:PARA) by 42.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 111,963 shares of the company’s stock after selling 82,203 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Paramount Global were worth $1,171,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Paramount Global by 140.1% during the fourth quarter. Allworth Financial LP now owns 2,391 shares of the company’s stock worth $25,000 after acquiring an additional 1,395 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Paramount Global during the 4th quarter worth about $31,000. Rakuten Securities Inc. raised its stake in shares of Paramount Global by 187.8% in the 4th quarter. Rakuten Securities Inc. now owns 3,094 shares of the company’s stock valued at $32,000 after purchasing an additional 2,019 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of Paramount Global in the fourth quarter valued at about $35,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Paramount Global during the fourth quarter worth about $57,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Stock Down 3.6 %

Shares of PARA opened at $11.07 on Friday. 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 has a 12 month low of $9.54 and a 12 month high of $14.54. The firm’s 50 day moving average is $11.38 and its 200-day moving average is $10.93. The stock has a market capitalization of $7.38 billion, a PE ratio of -1.35, a P/E/G ratio of 1.68 and a beta of 1.31.

Paramount Global (NASDAQ:PARA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.29). Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $8.07 billion. Equities research analysts forecast that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date was Monday, March 17th. Paramount Global’s payout ratio is presently -2.15%.

Wall Street Analysts Forecast Growth

PARA has been the topic of several research reports. Benchmark restated a “buy” rating and issued a $19.00 target price on shares of Paramount Global in a research note on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $14.00 price target on shares of Paramount Global in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft cut Paramount Global from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Paramount Global in a report on Thursday, February 27th. Finally, StockNews.com initiated coverage on Paramount Global in a research note on Sunday, March 30th. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.09.

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.