SageView Advisory Group LLC Sells 500 Shares of Paramount Global (NASDAQ:PARAA)

SageView Advisory Group LLC cut its holdings in Paramount Global (NASDAQ:PARAA) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,300 shares of the company’s stock after selling 500 shares during the quarter. SageView Advisory Group LLC’s holdings in Paramount Global were worth $313,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Paramount Global by 11.3% in the first quarter. Vanguard Group Inc. now owns 682,998 shares of the company’s stock worth $14,910,000 after acquiring an additional 69,084 shares during the period. Poehling Capital Management INC. boosted its holdings in Paramount Global by 10.2% in the second quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after purchasing an additional 40,142 shares during the last quarter. Mark Asset Management LP bought a new stake in Paramount Global in the 2nd quarter worth approximately $3,351,000. Dimensional Fund Advisors LP raised its stake in Paramount Global by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 143,261 shares of the company’s stock valued at $2,633,000 after buying an additional 6,309 shares during the last quarter. Finally, Slotnik Capital LLC bought a new position in shares of Paramount Global during the 3rd quarter valued at $1,401,000. 5.98% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Global Stock Performance

Shares of PARAA opened at $23.59 on Friday. The firm has a market capitalization of $15.73 billion, a P/E ratio of -2.87 and a beta of 1.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.27 and a quick ratio of 1.10. Paramount Global has a one year low of $16.59 and a one year high of $26.34. The business has a fifty day moving average of $22.23 and a 200 day moving average of $21.61.

Paramount Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, December 16th. Paramount Global’s payout ratio is currently -2.43%.

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.