Paramount Global (NASDAQ:PARAP) Trading Up 1.3%

Paramount Global (NASDAQ:PARAP)’s share price traded up 1.3% during trading on Wednesday . The stock traded as high as $14.00 and last traded at $13.74. 1,165,600 shares changed hands during trading, an increase of 860% from the average session volume of 121,387 shares. The stock had previously closed at $13.56.

Paramount Global Trading Up 1.3 %

The firm has a 50-day moving average price of $14.28 and a 200 day moving average price of $16.72.

Paramount Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 15th were given a dividend of $1.4375 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.75 annualized dividend and a yield of 41.85%.

Hedge Funds Weigh In On Paramount Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC grew its position in Paramount Global by 325.4% during the 1st quarter. Register Financial Advisors LLC now owns 6,198 shares of the company’s stock worth $85,000 after acquiring an additional 4,741 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Paramount Global by 22.3% in the 4th quarter. Gabelli Funds LLC now owns 29,000 shares of the company’s stock worth $542,000 after buying an additional 5,289 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Paramount Global by 41.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,517 shares of the company’s stock worth $346,000 after buying an additional 5,450 shares during the period. Pingora Partners LLC purchased a new stake in Paramount Global in the 4th quarter worth approximately $537,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Paramount Global by 313.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,534 shares of the company’s stock worth $309,000 after buying an additional 12,534 shares during the period.

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.