Paramount Global Class BPARA
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
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
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
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 |
Financial journalist opinion
Based on 112 articles about PARA published over the past 30 days