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2023-03-19 14:22
Paramount Global (NASDAQ:PARAP – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $29.72, but opened at $28.28. Paramount Global shares last traded at $28.25, with a volume of 7,269 shares trading hands.
The stock's fifty day moving average is $31.14 and its two-hundred day moving average is $30.61.
Get Paramount Global alerts:The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 20th will be paid a dividend of $1.4375 per share. The ex-dividend date is Friday, March 17th. This represents a $5.75 dividend on an annualized basis and a yield of 20.65%.
Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Paramount Global by 25.0% in the 4th quarter. Signaturefd LLC now owns 2,500 shares of the company's stock worth $62,000 after buying an additional 500 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Paramount Global by 3.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 19,416 shares of the company's stock worth $481,000 after buying an additional 565 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Paramount Global in the 3rd quarter worth about $31,000. Oppenheimer & Co. Inc. lifted its position in shares of Paramount Global by 13.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,481 shares of the company's stock worth $235,000 after buying an additional 1,107 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Paramount Global by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 157,759 shares of the company's stock worth $3,908,000 after buying an additional 1,603 shares during the last quarter.
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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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