Kohlberg Kravis Roberts & Co. L.P. Sells 3,000,000 Shares of Paramount Skydance Corporation $PSKY

Kohlberg Kravis Roberts & Co. L.P. decreased its holdings in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 35.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,535,928 shares of the company’s stock after selling 3,000,000 shares during the period. Paramount Skydance accounts for about 0.9% of Kohlberg Kravis Roberts & Co. L.P.’s portfolio, making the stock its 8th biggest position. Kohlberg Kravis Roberts & Co. L.P.’s holdings in Paramount Skydance were worth $49,934,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Paramount Skydance by 0.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,776 shares of the company’s stock valued at $1,886,000 after buying an additional 900 shares during the period. CWM LLC grew its position in shares of Paramount Skydance by 20.3% during the 4th quarter. CWM LLC now owns 5,759 shares of the company’s stock worth $77,000 after buying an additional 970 shares during the period. Pittenger & Anderson Inc. increased its stake in shares of Paramount Skydance by 18.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock valued at $59,000 after acquiring an additional 1,000 shares in the last quarter. Mather Group LLC. increased its stake in shares of Paramount Skydance by 6.3% in the 4th quarter. Mather Group LLC. now owns 17,137 shares of the company’s stock valued at $230,000 after acquiring an additional 1,009 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Paramount Skydance by 0.6% during the 4th quarter. LSV Asset Management now owns 188,868 shares of the company’s stock valued at $2,531,000 after acquiring an additional 1,116 shares during the period. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Price Performance

Shares of PSKY opened at $8.21 on Monday. The business’s fifty day moving average is $9.90 and its 200 day moving average is $10.50. Paramount Skydance Corporation has a 12-month low of $8.17 and a 12-month high of $20.86. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 1.16. The stock has a market cap of $9.19 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.54 and a beta of 1.43.

Paramount Skydance (NASDAQ:PSKY) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. The business had revenue of $7.35 billion during the quarter. During the same quarter last year, the firm posted $0.22 EPS. Sell-side analysts anticipate that Paramount Skydance Corporation will post 0.62 earnings per share for the current fiscal year.

Paramount Skydance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 15th. Paramount Skydance’s dividend payout ratio (DPR) is currently 35.09%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSKY. Guggenheim cut their target price on shares of Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company decreased their price target on shares of Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Arete Research reiterated a “sell” rating and set a $2.00 price objective on shares of Paramount Skydance in a report on Thursday, July 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Finally, Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $11.00 to $14.00 in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $12.00.

Key Headlines Impacting Paramount Skydance

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount Skydance received EU approval for its Warner Bros. Discovery takeover after agreeing to commitments, removing one major regulatory hurdle for the blockbuster deal. Paramount-Warner Bros deal paused through August 17, judge rules
• Positive Sentiment: Separately, Paramount is trying to support its streaming strategy by expanding a free tier for Paramount+, which could help attract price-sensitive users and improve engagement. Paramount+ is building out a free tier to lure cost-conscious viewers
• Neutral Sentiment: The company’s media M&A positioning remains a broader industry talking point, with investors focused on whether consolidation can create value over the long term. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (PSKY)
• Negative Sentiment: A federal judge has paused the Warner Bros. Discovery acquisition through mid-August, and Paramount also agreed to keep the deal on hold until antitrust litigation is resolved or until June 1, 2027, whichever comes first. That extends uncertainty around a key strategic transaction and may weigh on PSKY shares. Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge

About Paramount Skydance

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.