Paramount Skydance Corporation $PSKY Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 545,576 shares of the company’s stock after buying an additional 105,218 shares during the period. Hsbc Holdings PLC’s holdings in Paramount Skydance were worth $7,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Paramount Skydance by 0.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock worth $1,886,000 after acquiring an additional 900 shares during the last quarter. CWM LLC boosted its position in Paramount Skydance by 20.3% during the fourth quarter. CWM LLC now owns 5,759 shares of the company’s stock valued at $77,000 after purchasing an additional 970 shares during the last quarter. Mather Group LLC. boosted its position in Paramount Skydance by 6.3% during the fourth quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock valued at $230,000 after purchasing an additional 1,009 shares during the last quarter. LSV Asset Management grew its stake in Paramount Skydance by 0.6% in the fourth quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Huntington National Bank grew its stake in Paramount Skydance by 108.2% in the fourth quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $30,000 after purchasing an additional 1,174 shares in the last quarter. 73.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PSKY. Bank of America dropped their target price on Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 10th. Wells Fargo & Company lowered their price target on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Guggenheim dropped their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $14.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Skydance in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, Paramount Skydance currently has a consensus rating of “Reduce” and an average target price of $12.77.

Paramount Skydance Stock Up 2.2%

PSKY stock opened at $9.64 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.10 and a quick ratio of 1.00. Paramount Skydance Corporation has a 52-week low of $8.61 and a 52-week high of $20.86. The company has a 50-day moving average of $10.51 and a two-hundred day moving average of $11.12. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a positive return on equity of 4.58% and a negative net margin of 2.08%.The business had revenue of $7.35 billion for the quarter. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, equities research analysts anticipate that Paramount Skydance Corporation will post 0.55 EPS for the current year.

Paramount Skydance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Paramount Skydance’s dividend payout ratio (DPR) is 35.09%.

Paramount Skydance Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.