Wolverine Asset Management LLC Trims Holdings in Paramount Global (NASDAQ:PARAP)

Wolverine Asset Management LLC lessened its holdings in shares of Paramount Global (NASDAQ:PARAP) by 3.4% during the fourth quarter, Holdings Channel reports. The firm owned 54,516 shares of the company’s stock after selling 1,901 shares during the quarter. Wolverine Asset Management LLC’s holdings in Paramount Global were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. KCS Wealth Advisory boosted its position in Paramount Global by 3.6% during the 3rd quarter. KCS Wealth Advisory now owns 19,047 shares of the company’s stock valued at $338,000 after acquiring an additional 666 shares in the last quarter. Private Advisor Group LLC boosted its position in Paramount Global by 59.8% during the 3rd quarter. Private Advisor Group LLC now owns 15,265 shares of the company’s stock valued at $271,000 after acquiring an additional 5,715 shares in the last quarter. MGO One Seven LLC boosted its position in Paramount Global by 20.4% during the 3rd quarter. MGO One Seven LLC now owns 65,361 shares of the company’s stock valued at $1,160,000 after acquiring an additional 11,073 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Paramount Global by 27.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 110,704 shares of the company’s stock valued at $1,965,000 after acquiring an additional 23,965 shares in the last quarter. Finally, Greatmark Investment Partners Inc. boosted its position in Paramount Global by 0.5% during the 3rd quarter. Greatmark Investment Partners Inc. now owns 240,415 shares of the company’s stock valued at $4,267,000 after acquiring an additional 1,275 shares in the last quarter.

Paramount Global Stock Up 1.3 %

Paramount Global stock opened at $13.74 on Friday. The stock’s 50 day simple moving average is $14.04 and its two-hundred day simple moving average is $16.64. Paramount Global has a fifty-two week low of $12.95 and a fifty-two week high of $32.28.

Paramount Global Dividend Announcement

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

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.