Community Bank of Raymore Buys 3,000 Shares of Paramount Global (NASDAQ:PARA)

Community Bank of Raymore raised its position in shares of Paramount Global (NASDAQ:PARA) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,880 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Community Bank of Raymore’s holdings in Paramount Global were worth $166,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Carson Advisory Inc. raised its stake in Paramount Global by 1.9% during the 3rd quarter. Carson Advisory Inc. now owns 54,364 shares of the company’s stock valued at $577,000 after purchasing an additional 1,004 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Paramount Global by 8.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 17,411 shares of the company’s stock valued at $181,000 after buying an additional 1,356 shares during the last quarter. Stonehearth Capital Management LLC lifted its holdings in shares of Paramount Global by 9.3% in the third quarter. Stonehearth Capital Management LLC now owns 16,182 shares of the company’s stock worth $172,000 after buying an additional 1,374 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Paramount Global by 1.6% during the third quarter. PNC Financial Services Group Inc. now owns 92,019 shares of the company’s stock worth $977,000 after acquiring an additional 1,481 shares during the last quarter. Finally, Huntington National Bank grew its stake in Paramount Global by 129.0% during the third quarter. Huntington National Bank now owns 2,771 shares of the company’s stock valued at $29,000 after acquiring an additional 1,561 shares in the last quarter. 73.00% of the stock is currently owned by institutional investors.

Paramount Global Price Performance

NASDAQ PARA opened at $10.27 on Monday. The company has a fifty day moving average of $10.78 and a 200 day moving average of $10.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. Paramount Global has a 1 year low of $9.54 and a 1 year high of $15.70.

Paramount Global (NASDAQ:PARA) last released its quarterly earnings data on Friday, November 8th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.24 by $0.25. Paramount Global had a positive return on equity of 5.81% and a negative net margin of 18.89%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts anticipate that Paramount Global will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PARA has been the subject of a number of research reports. Macquarie reiterated an “underperform” rating and set a $10.00 target price on shares of Paramount Global in a research report on Monday, November 11th. Needham & Company LLC reissued a “hold” rating on shares of Paramount Global in a research note on Monday, November 11th. StockNews.com upgraded shares of Paramount Global from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Guggenheim decreased their price target on Paramount Global from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Paramount Global has a consensus rating of “Hold” and an average target price of $12.50.

Paramount Global 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.