Paramount Global (NASDAQ:PARAP) Trading Up 1.3%

Paramount Global (NASDAQ:PARAP) shares were up 1.3% during mid-day trading on Wednesday . The company traded as high as $14.00 and last traded at $13.74. Approximately 1,165,600 shares changed hands during trading, an increase of 860% from the average daily volume of 121,387 shares. The stock had previously closed at $13.56.

Paramount Global Stock Performance

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

Paramount Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $1.4375 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.75 dividend on an annualized basis and a yield of 41.85%.

Institutional Investors Weigh In On Paramount Global

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in shares of Paramount Global during the third quarter valued at approximately $25,000. Belpointe Asset Management LLC bought a new stake in shares of Paramount Global during the first quarter valued at approximately $29,000. UBS Group AG bought a new stake in shares of Paramount Global during the third quarter valued at approximately $62,000. Royal Bank of Canada bought a new stake in shares of Paramount Global during the third quarter valued at approximately $75,000. Finally, Signaturefd LLC increased its holdings in shares of Paramount Global by 42.3% during the fourth quarter. Signaturefd LLC now owns 4,179 shares of the company’s stock valued at $78,000 after acquiring an additional 1,242 shares in the last quarter.

Paramount Global Company 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.