B. Riley Wealth Advisors Inc. Sells 5,495 Shares of Paramount Global (NASDAQ:PARAA)

B. Riley Wealth Advisors Inc. cut its holdings in shares of Paramount Global (NASDAQ:PARAA) by 20.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,218 shares of the company’s stock after selling 5,495 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Paramount Global were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PARAA. Bank of New York Mellon Corp grew its stake in Paramount Global by 13.1% during the second quarter. Bank of New York Mellon Corp now owns 28,315 shares of the company’s stock worth $520,000 after buying an additional 3,281 shares in the last quarter. Poehling Capital Management INC. grew its position in Paramount Global by 10.2% during the 2nd quarter. Poehling Capital Management INC. now owns 433,435 shares of the company’s stock worth $7,967,000 after acquiring an additional 40,142 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Paramount Global by 4.6% in the second 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 period. Squarepoint Ops LLC raised its stake in shares of Paramount Global by 120.0% during the second quarter. Squarepoint Ops LLC now owns 46,749 shares of the company’s stock valued at $859,000 after acquiring an additional 25,504 shares during the last quarter. Finally, Mark Asset Management LP acquired a new position in Paramount Global during the 2nd quarter worth about $3,351,000. 5.98% of the stock is currently owned by institutional investors and hedge funds.

Paramount Global Stock Performance

NASDAQ:PARAA opened at $21.80 on Friday. The company has a market capitalization of $14.54 billion, a PE ratio of -2.65 and a beta of 1.64. 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 fifty-two week low of $16.59 and a fifty-two week high of $26.34. The company has a 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $21.72.

Paramount Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, December 16th. This represents a $0.20 annualized dividend and a yield of 0.92%. Paramount Global’s dividend payout ratio is currently -2.43%.

About Paramount Global

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.