Paramount Global Class B
PARA

$10.09

2.41%

Market Cap: $6.73B

About: Paramount Global operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes multiple streaming platforms, including Paramount+, which now includes Showtime, Pluto TV, and BET+. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.

Employees: 21,900

Communication Services Television Broadcasting Stations

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 253 | Existing positions reduced: 208

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

4% less funds holding

Funds holding: 700 [Q1] → 669 (-31) [Q2]

6.24% less ownership

Funds ownership: 77.5% [Q1] → 71.25% (-6.24%) [Q2]

17% less capital invested

Capital invested by funds: $5.62B [Q1] → $4.67B (-$948M) [Q2]

24% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 127

34% less call options, than puts

Call options by funds: $144M | Put options by funds: $218M

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$9

11%

downside

Avg. target

$12.86

27%

upside

High target

$19

88%

upside

7 analyst ratings

2 positive

29%

2 neutral

29%

3 negative

43%

JP Morgan Philip Cusick 71% 1-year accuracy 10 / 14 met price target	9%upside $11	Underweight Maintained	15 Aug 2024
Benchmark Daniel Kurnos 52% 1-year accuracy 32 / 62 met price target	88%upside $19	Buy Reiterated	9 Aug 2024
Wells Fargo Steven Cahall 56% 1-year accuracy 20 / 36 met price target	9%upside $11	Equal-Weight Upgraded	9 Aug 2024
Evercore ISI Group Vijay Jayant 58% 1-year accuracy 7 / 12 met price target	14%upside $11.50	In-Line Maintained	9 Jul 2024
Benchmark Daniel Kurnos 52% 1-year accuracy 32 / 62 met price target	88%upside $19	Buy Reiterated	9 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 112 articles about PARA published over the past 30 days

Proactive Investors

Larry Ellison to control Paramount Global after Skydance merger, filings show

Larry Ellison, the billionaire co-founder of Oracle Corp (NYSE:ORCL, ETR:ORC), will control Paramount Global (NASDAQ:PARA) after a group led by his son David takes over the entertainment firm, a regulatory filing has revealed. David Ellison's Skydance Media is purchasing National Amusements, the company that controls Paramount, in a deal valued at about $8 billion.

Larry Ellison to control Paramount Global after Skydance merger, filings show

Bloomberg Markets and Finance

Larry Ellison to Control Paramount When Deal Closes

Billionaire Larry Ellison will control Paramount Global after a group led by his son closes the deal to buy it. David Ellison is buying out the Redstone family's interest in the film and TV company.

Larry Ellison to Control Paramount When Deal Closes

Billionaire Larry Ellison to control Paramount after deal, Bloomberg News reports

CBS parent Paramount Global will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family's interest in the film and TV company, Bloomberg News reported on Thursday, citing a regulatory filing.

Billionaire Larry Ellison to control Paramount after deal, Bloomberg News reports

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Paramount Global

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Initiates Investigation into Paramount Global

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Paramount Gl

NEW YORK, NY / ACCESSWIRE / August 28, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into Paramount Gl

Zacks Investment Research

5 Top-Ranked Value Stocks With Discounted PEG Ratio to Buy

Five PEG-based stocks that fulfill our screening criteria are Genpact, MPLX, Exelixis, Paramount Global and H&R Block.

5 Top-Ranked Value Stocks With Discounted PEG Ratio to Buy

Paramount: Timely Investment Opportunity With An Attractive Risk/Reward Ratio

Despite market negativity on the Skydance deal, I consider Paramount to be an attractive investment with an asymmetrical risk/reward ratio. Class B shareholders can sell 48-100% of their shares at $15 each, offering a 42.6% return with minimal risk. Only the remaining 0-52% of the shares are at risk, with a high margin of safety at the current market price.

Paramount: Timely Investment Opportunity With An Attractive Risk/Reward Ratio

Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance's merger

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.

Edgar Bronfman Jr. drops bid for Paramount, clearing the way for Skydance's merger

Paramount Stock Has Down Day As Edgar Bronfman's Exit Dashes Hopes Of Bidding War With Skydance

Shares of Paramount Global are softer today after Edgar Bronfman Jr. exited the Paramount fray last night and shareholders hoping for a bidding war with Skydance were disappointed. “It was a long shot to begin with,” said one investor of Bronfman's offer.

Paramount Stock Has Down Day As Edgar Bronfman's Exit Dashes Hopes Of Bidding War With Skydance

Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing

Edgar Bronfman Jr. walked away from his 11th hour bid for Paramount as the clock ran out on the process, people familiar with the matter said. Bronfman had planned to boost his bid to about $6 billion, but the amount raised as of Monday was closer to $5 billion after some potential investors dropped out, the people said.

Edgar Bronfman Jr. dropped Paramount bid after running out of time to secure financing

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