TD Asset Management Inc Invests $1.03 Million in Paramount Skydance Corporation $PSKY

TD Asset Management Inc acquired a new position in Paramount Skydance Corporation (NASDAQ:PSKY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 54,327 shares of the company’s stock, valued at approximately $1,028,000.

A number of other hedge funds have also made changes to their positions in PSKY. Vanguard Group Inc. purchased a new stake in shares of Paramount Skydance during the third quarter worth approximately $678,726,000. Bank Pictet & Cie Europe AG acquired a new stake in Paramount Skydance during the 3rd quarter worth $47,983,000. JPMorgan Chase & Co. purchased a new stake in shares of Paramount Skydance during the third quarter worth $41,864,000. Poehling Capital Management INC. acquired a new stake in shares of Paramount Skydance in the third quarter valued at about $12,003,000. Finally, Rhumbline Advisers acquired a new position in Paramount Skydance during the third quarter worth about $10,716,000. Institutional investors and hedge funds own 73.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PSKY shares. Sanford C. Bernstein raised their target price on Paramount Skydance from $11.00 to $12.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 12th. Wall Street Zen raised shares of Paramount Skydance to a “hold” rating in a research report on Saturday, November 15th. Zacks Research upgraded Paramount Skydance from a “strong sell” rating to a “hold” rating in a research report on Friday, February 6th. Morgan Stanley upped their price target on Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Finally, TD Cowen decreased their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paramount Skydance currently has an average rating of “Reduce” and a consensus price target of $13.77.

Paramount Skydance Stock Down 2.6%

Shares of NASDAQ:PSKY opened at $11.74 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $11.69 and a 200-day simple moving average of $14.50. The company has a market capitalization of $12.58 billion, a PE ratio of 18.63 and a beta of 1.15. Paramount Skydance Corporation has a twelve month low of $9.95 and a twelve month high of $20.86.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $999.02. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.17 billion. Paramount Skydance had a positive return on equity of 3.82% and a negative net margin of 2.15%.

Paramount Skydance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s payout ratio is currently 31.75%.

Paramount Skydance Company Profile

Paramount Skydance Media Group (Nasdaq: PSKY) is a media and entertainment company created through the proposed combination of Paramount Global’s filmed entertainment and streaming operations with Skydance Media, a privately held content studio. The combined business will encompass the development, production and distribution of feature films, television programming and digital content, drawing on a library of legacy Paramount Pictures franchises alongside Skydance’s blockbuster tentpoles and animation slate.