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Texas Permanent School Fund Makes New $1.36 Million Investment in Paramount Global (NASDAQ:PARA)

Texas Permanent School Fund bought a new position in Paramount Global (NASDAQ:PARAGet Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 71,450 shares of the company’s stock, valued at approximately $1,360,000.

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Several other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in Paramount Global in the third quarter worth $2,741,000. Mitchell Sinkler & Starr PA acquired a new stake in Paramount Global in the third quarter worth $852,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Paramount Global in the third quarter worth $13,751,000. Matrix Asset Advisors Inc. NY acquired a new stake in Paramount Global in the third quarter worth $12,634,000. Finally, Shufro Rose & Co. LLC bought a new stake in shares of Paramount Global during the third quarter worth $394,000. 74.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PARA has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Paramount Global from $25.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 3rd. Barclays lowered their price objective on shares of Paramount Global from $20.00 to $15.00 in a research report on Tuesday, October 11th. StockNews.com began coverage on shares of Paramount Global in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada decreased their target price on shares of Paramount Global from $34.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Loop Capital downgraded shares of Paramount Global from a “hold” rating to a “sell” rating and decreased their target price for the company from $30.00 to $14.00 in a research report on Friday, December 23rd. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.68.

Paramount Global Stock Up 1.2 %

Paramount Global stock opened at $20.23 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.31 and a debt-to-equity ratio of 0.68. Paramount Global has a 12-month low of $15.29 and a 12-month high of $39.21. The firm’s fifty day moving average is $18.25 and its 200 day moving average is $21.19. The company has a market capitalization of $13.13 billion, a PE ratio of 4.30, a PEG ratio of 1.17 and a beta of 1.51.

Paramount Global (NASDAQ:PARAGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Paramount Global had a net margin of 10.46% and a return on equity of 5.55%. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.05 billion. As a group, sell-side analysts predict that Paramount Global will post 1.92 EPS for the current fiscal year.

Paramount Global Profile

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Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.

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Want to see what other hedge funds are holding PARA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Global (NASDAQ:PARAGet Rating).

Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Paramount Global, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Paramount Global wasn’t on the list.

While Paramount Global currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover



story by The Texas Tribune Source link

Texas Permanent School Fund bought a new position in Paramount Global (NASDAQ:PARAGet Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 71,450 shares of the company’s stock, valued at approximately $1,360,000.

Several other hedge funds also recently bought and sold shares of the company. AE Wealth Management LLC acquired a new stake in Paramount Global in the third quarter worth $2,741,000. Mitchell Sinkler & Starr PA acquired a new stake in Paramount Global in the third quarter worth $852,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Paramount Global in the third quarter worth $13,751,000. Matrix Asset Advisors Inc. NY acquired a new stake in Paramount Global in the third quarter worth $12,634,000. Finally, Shufro Rose & Co. LLC bought a new stake in shares of Paramount Global during the third quarter worth $394,000. 74.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PARA has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Paramount Global from $25.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 3rd. Barclays lowered their price objective on shares of Paramount Global from $20.00 to $15.00 in a research report on Tuesday, October 11th. StockNews.com began coverage on shares of Paramount Global in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada decreased their target price on shares of Paramount Global from $34.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Loop Capital downgraded shares of Paramount Global from a “hold” rating to a “sell” rating and decreased their target price for the company from $30.00 to $14.00 in a research report on Friday, December 23rd. Nine investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.68.

Paramount Global Stock Up 1.2 %

Paramount Global stock opened at $20.23 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.31 and a debt-to-equity ratio of 0.68. Paramount Global has a 12-month low of $15.29 and a 12-month high of $39.21. The firm’s fifty day moving average is $18.25 and its 200 day moving average is $21.19. The company has a market capitalization of $13.13 billion, a PE ratio of 4.30, a PEG ratio of 1.17 and a beta of 1.51.

Paramount Global (NASDAQ:PARAGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Paramount Global had a net margin of 10.46% and a return on equity of 5.55%. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $7.05 billion. As a group, sell-side analysts predict that Paramount Global will post 1.92 EPS for the current fiscal year.

Paramount Global Profile

(Get Rating)

Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Showtime, BET, Nickelodeon, MTV, Comedy Central, Paramount Network, Smithsonian Channel, and CBS Sports Network.

Featured Articles

Want to see what other hedge funds are holding PARA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Global (NASDAQ:PARAGet Rating).

Institutional Ownership by Quarter for Paramount Global (NASDAQ:PARA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Paramount Global, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Paramount Global wasn’t on the list.

While Paramount Global currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover



story by The Texas Tribune Source link

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