Thompson Investment Management Inc. Acquires 5,432 Shares of Paramount Global (NASDAQ:PARA)

Thompson Investment Management Inc. increased its holdings in shares of Paramount Global (NASDAQ:PARA) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 732,805 shares of the company’s stock after purchasing an additional 5,432 shares during the quarter. Paramount Global accounts for 1.1% of Thompson Investment Management Inc.’s portfolio, making the stock its 29th biggest holding. Thompson Investment Management Inc. owned about 0.11% of Paramount Global worth $7,665,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PARA. Sanctuary Advisors LLC purchased a new stake in Paramount Global during the second quarter valued at $229,000. Handelsbanken Fonder AB increased its position in Paramount Global by 27.3% in the third quarter. Handelsbanken Fonder AB now owns 132,400 shares of the company’s stock worth $1,406,000 after buying an additional 28,400 shares in the last quarter. Czech National Bank grew its position in shares of Paramount Global by 28.6% during the third quarter. Czech National Bank now owns 121,149 shares of the company’s stock worth $1,287,000 after purchasing an additional 26,944 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Paramount Global by 518.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,891 shares of the company’s stock worth $52,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Paramount Global during the third quarter worth about $243,000. Hedge funds and other institutional investors own 73.00% of the company’s stock.

Wall Street Analyst Weigh In

PARA has been the subject of a number of research reports. Macquarie reissued an “underperform” rating and set a $10.00 price target on shares of Paramount Global in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. StockNews.com raised Paramount Global from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised their price objective on Paramount Global from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.58.

Paramount Global Stock Down 1.9 %

Shares of PARA opened at $10.63 on Friday. Paramount Global has a 52 week low of $9.54 and a 52 week high of $14.54. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -1.29, a PEG ratio of 1.59 and a beta of 1.69. The stock’s 50-day moving average price is $10.75 and its 200-day moving average price is $10.71.

Paramount Global (NASDAQ:PARA) last released its quarterly earnings results on Friday, November 8th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.94 billion. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. Paramount Global’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts predict that Paramount Global will post 1.77 EPS for the current year.

Paramount Global Company 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.