New Hampshire Trust Has $120,000 Holdings in Paramount Global (NASDAQ:PARA)

New Hampshire Trust lowered its stake in shares of Paramount Global (NASDAQ:PARA) by 26.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,432 shares of the company’s stock after selling 4,007 shares during the period. New Hampshire Trust’s holdings in Paramount Global were worth $120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PARA. State Street Corp lifted its holdings in shares of Paramount Global by 18.4% in the third quarter. State Street Corp now owns 44,154,027 shares of the company’s stock valued at $470,695,000 after purchasing an additional 6,848,037 shares in the last quarter. Ariel Investments LLC lifted its stake in Paramount Global by 16.5% during the 2nd quarter. Ariel Investments LLC now owns 14,042,265 shares of the company’s stock valued at $145,899,000 after acquiring an additional 1,992,576 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Paramount Global by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 14,842,966 shares of the company’s stock worth $157,168,000 after acquiring an additional 1,606,779 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Paramount Global by 602.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,783,489 shares of the company’s stock worth $18,530,000 after acquiring an additional 1,529,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Paramount Global by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,394,825 shares of the company’s stock worth $78,533,000 after acquiring an additional 1,030,592 shares in the last quarter. 73.00% of the stock is owned by institutional investors.

Paramount Global Price Performance

Shares of Paramount Global stock opened at $10.27 on Tuesday. Paramount Global has a 52-week low of $9.54 and a 52-week high of $15.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.10 and a current ratio of 1.27. The stock’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $10.78.

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

Analyst Ratings Changes

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

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.