Chilton Investment Co. Inc. Acquires New Position in Paramount Skydance Corporation $PSKY

Chilton Investment Co. Inc. bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 158,221 shares of the company’s stock, valued at approximately $2,994,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kelleher Financial Advisors purchased a new position in shares of Paramount Skydance in the third quarter valued at $32,000. Center for Financial Planning Inc. purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth about $35,000. Versant Capital Management Inc purchased a new stake in shares of Paramount Skydance in the 3rd quarter worth about $39,000. Addison Advisors LLC acquired a new stake in Paramount Skydance in the 3rd quarter valued at about $42,000. Finally, Paradigm Asset Management Co. LLC acquired a new stake in Paramount Skydance in the 3rd quarter valued at about $45,000. 73.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Bank of America dropped their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating for the company in a research note on Tuesday, March 10th. Guggenheim increased their target price on Paramount Skydance from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Morgan Stanley raised their price target on Paramount Skydance from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 9th. Zacks Research raised Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Finally, Wolfe Research restated an “underperform” rating and issued a $13.00 price objective on shares of Paramount Skydance in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $13.00.

Paramount Skydance Price Performance

Paramount Skydance stock opened at $9.72 on Friday. Paramount Skydance Corporation has a 1 year low of $9.54 and a 1 year high of $20.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.12 and a current ratio of 1.26. The firm has a 50 day moving average price of $11.34 and a 200 day moving average price of $14.31. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.41 and a beta of 1.15.

Paramount Skydance (NASDAQ:PSKY) last issued its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $999.02. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.1%. Paramount Skydance’s dividend payout ratio (DPR) 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.