The most recent statement that Intrepid Financial Planning Group LLC has filed with the Securities and Exchange Commission indicates that during the third quarter, the company’s holdings in Paramount Global (NASDAQ: PARA) increased. The price that the institutional investor paid for purchasing 10,000 shares of the company’s stock was approximately $190,000.
Recent events have resulted in institutional investors and other hedge funds reevaluating the positions they had previously held in the company and making appropriate adjustments.
Money Concepts Capital Corporation increased its ownership of Paramount Global by approximately $25,000 during the third quarter by making additional investments totaling approximately $25,000.
During the third quarter, Ellevest Inc.
Added approximately $25,000 more to its total investment in Paramount Global to strengthen its position in the company.
During the third quarter, Lowe Wealth Advisors LLC made supplementary investments, bringing the total value of the company’s holdings in Paramount Global up to approximately $29,000.
Islay Capital Management LLC increased its stake in Paramount Global during the third quarter by purchasing additional company shares. This brought the total value of its holdings in the business to approximately $29,000.
MUFG Americas Holdings Corp.
Purchased a new investment in Paramount Global during the third quarter for approximately $29,000. This is the last but not the least important point.
At this point, 74.13% of the company’s stock is owned by institutions.
On Thursday, purchasing one share of PARA increased by $0.24, bringing the total cost to $22.17. There were a total of 6,622,484 transactions involving the stock, which is significantly lower than the typical volume of 9,525,481 shares that are traded. The company currently has a simple moving average of $18.83 for the past 50 days, while its simple moving average for the past 200 days is $20.86.
Mount Global reached a price low of $15.29 over the past year while reaching a price high of $39.21 over the same period. The company has a beta of 1.51 and a market capitalization of $14.39 billion. The PE ratio of the company is 4.67, the PEG ratio of the company is 1.29, and the PE to PEG ratio of the company is 1.29.
A debt-to-equity ratio comes in at 0.68; a quick ratio comes in at 1.17; a current ratio comes in at 1.31; and a quick ratio comes in at 1.17.
The most recent quarterly earnings report for Paramount Global (NASDAQ: PARA) was made public on November 2, 2013, a Wednesday. The report covered the period up until September 30. The quarterly earnings report for the company showed that it had earned $0.39 per share, making this the first quarterly earnings report. The report covered the period up until September 30.
Earnings per share for the company came in at $0.39 for the quarter, which was $0.05 less than the $0.43 that analysts had anticipated. The actual quarterly sales for the company came in at $6.92 billion, which is lower than the consensus projection of $7.05 billion that market analysts generated. The return on equity for Paramount Global came in at 5.55%, while the company’s net margin came in at 10.46%.
Many experts in the field of research believe that Paramount Global will achieve earnings of 1.8 dollars per share in 2018.
Various research analysts from various companies have made recent statements regarding the stock.
In a research note published on January 4, Macquarie lowered their price objective on shares of Paramount Global from $16.00 to $15.00 while maintaining their “neutral” rating for the company.
In a research note published on November 3, JPMorgan Chase & Co.
Lowered their price target on shares of Paramount Global from $25.00 to $19.00 and rated the stock as “underweight.” In a research note published on Monday, Wells Fargo & Company lowered its price objective for shares of Paramount Global from $19.00 to $13.00 and downgraded the stock from “equal weight” to “underweight.” The note was made available on the internet.
A research note from Rosenblatt Securities published on November 3 lowered the price target that the brokerage firm had set for the share price of Paramount Global and assigned a “sell” rating to the company’s stock.
In addition, Rosenblatt Securities decreased their price objective on the stock from $15.00 to $13.00, reflecting a bearish sentiment toward the market.
Last but not least, the Royal Bank of Canada lowered its price objective on shares of Paramount Global from $34.00 to $28.00 in a research note published on November 3.
Despite this change, the bank maintained an “outperform” rating on the company’s stock. There have been nine recommendations made by analysts to sell the stock, six recommendations by experts to hold onto the stock, and five recommendations by analysts to purchase the stock.
According to information from Bloomberg.com, the company is currently rated as having a consensus rating of “Hold,” Analysts have set an average target price of $21.68 for the stock. The price at which the stock is expected to reach the average target price is $21.68.
The company functions as a mass media organization, which indicates that it generates the content and distributes it to customers worldwide by utilizing a wide range of distribution channels.
Publishing, cable networks, local media, and the entertainment industry are all areas of focus for the company’s commercial operations. CBS Studios International is a part of the company’s Entertainment division, along with the CBS Television Network, CBS All Access, CBSN, CBS Television Studios, CBS Television Distribution, CBS Interactive, and CBS Films.
All of these are under the umbrella of the CBS Entertainment brand.
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