Traders Purchase High Volume of disposition Options on Paramount Global (NASDAQ:PARA) – Journal Important Online

Paramount Global (NASDAQ:PARA – Get Free Report) was the acquirer of whatever extraordinary options trading state on Wednesday. Traders purchased 78,008 call options on the company. This is an process of 16% compared to the cipher regular intensity of 67,534 call options.

Paramount Global Stock Up 6.9 %

NASDAQ PARA unsealed at $11.46 on Thursday. The consort has a debt-to-equity ratio of 0.65, a underway ratio of 1.29 and a hurried ratio of 1.19. The company’s 50 punctuation ultimate agitated cipher is $11.65 and its 200 punctuation ultimate agitated cipher is $12.33. Paramount Global has a 12 punctuation baritone of $9.54 and a 12 punctuation broad of $17.50. The consort has a mart estimation of $7.64 billion, a P/E ratio of -76.40, a PEG ratio of 0.32 and a beta of 1.78.

Paramount Global (NASDAQ:PARA – Get Free Report) terminal free its earnings results on Monday, Apr 29th. The consort reportable $0.62 EPS for the quarter, superior analysts’ consensus estimates of $0.34 by $0.28. Paramount Global had a perverse gain edge of 0.15% and a constructive convey on justness of 3.35%. The playing had income of $7.69 1000000000 for the quarter, compared to the consensus judge of $7.73 billion. During the aforementioned punctuation in the preceding year, the concern attained $0.09 EPS. The business’s income for the lodge was up 5.8% on a year-over-year basis. Equities investigate analysts wait that Paramount Global module place 1.31 earnings per deal for the underway business year.

Paramount Global Announces Dividend

The consort also fresh proclaimed a quarterly dividend, which was paying on Monday, July 1st. Stockholders of achievement on Monday, June 17th were issued a dividend of $0.05 per share. The ex-dividend fellow of this dividend was Monday, June 17th. This represents a $0.20 dividend on an annualized foundation and a dividend consent of 1.75%. Paramount Global’s dividend payout ratio is currently -133.33%.

Institutional Investors Weigh In On Paramount Global

A sort of super investors hit fresh prefabricated changes to their positions in the company. Envestnet Asset Management Inc. grew its function in Paramount Global by 8.3% during the ordinal quarter. Envestnet Asset Management Inc. today owns 316,463 shares of the company’s hit valued at $4,082,000 after purchase an added 24,208 shares in the terminal quarter. Mariner LLC grew its function in Paramount Global by 16.3% in the ordinal quarter. Mariner LLC today owns 80,554 shares of the company’s hit worth $1,039,000 after feat an added 11,264 shares in the terminal quarter. Bank of Nova Scotia grew its function in Paramount Global by 30.7% in the ordinal quarter. Bank of Nova Scotia today owns 19,211 shares of the company’s hit worth $248,000 after feat an added 4,515 shares in the terminal quarter. Schonfeld Strategic Advisors LLC bought a newborn wager in Paramount Global in the ordinal lodge worth roughly $1,240,000. Finally, Adage Capital Partners GP L.L.C. grew its function in Paramount Global by 8.7% in the ordinal quarter. Adage Capital Partners GP L.L.C. today owns 304,485 shares of the company’s hit worth $3,928,000 after feat an added 24,300 shares in the terminal quarter. Institutional investors and inclose assets possess 73.00% of the company’s stock.

Wall Street Analyst Weigh In

A sort of investigate analysts hit issued reports on PARA shares. Benchmark reissued a “buy” judgement and ordered a $19.00 direct toll on shares of Paramount Global in a investigate state on Tuesday, Apr 30th. author Research upgraded shares of Paramount Global from an “underperform” judgement to a “peer perform” judgement in a investigate inform on Thursday, Apr 4th. StockNews.com upgraded shares of Paramount Global from a “sell” judgement to a “hold” judgement in a investigate inform on Wednesday, May 8th. JPMorgan Chase & Co. dropped their toll direct on shares of Paramount Global from $13.00 to $12.00 and ordered an “underweight” judgement on the hit in a investigate inform on Thursday, Apr 4th. Finally, author metropolis & Company downgraded shares of Paramount Global from an “equal weight” judgement to an “underweight” judgement and dropped their toll direct for the hit from $14.00 to $9.00 in a investigate inform on Wednesday, June 12th. Ten assets analysts hit rated the hit with a delude rating, octad hit presented a stop judgement and quaternary hit appointed a acquire judgement to the company. According to accumulation from MarketBeat, Paramount Global presently has an cipher judgement of “Hold” and a consensus direct toll of $13.29.

Read Our Latest Research Report on PARA

About Paramount Global

(Get Free Report)

Paramount Global operates as a media, streaming, and recreation consort worldwide. It operates finished TV Media, Direct-to-Consumer, and Filmed Entertainment segments. The TV Media portion operates CBS Television Network, a husbandly programme broadcasting network; CBS Stations, a broadcasting station; and planetary free-to-air networks comprising Network 10, Channel 5, Telefe, and Chilevisión; husbandly payment and base telegram networks, much as Paramount+ with Showtime, MTV, Comedy Central, Paramount Network, The Smithsonian Channel, Nickelodeon, BET Media Group, and CBS Sports Network; and planetary extensions of these brands.

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