158,221 Shares in Paramount Skydance Corporation $PSKY Bought by Chilton Investment Co. Inc.

Chilton Investment Co. Inc. bought a new stake in Paramount Skydance Corporation (NASDAQ:PSKY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 158,221 shares of the company’s stock, valued at approximately $2,994,000.

Several other large investors have also modified their holdings of PSKY. Cullen Investment Group LTD. acquired a new stake in Paramount Skydance during the third quarter valued at approximately $462,000. Czech National Bank bought a new position in Paramount Skydance during the 3rd quarter worth approximately $1,484,000. Wedmont Private Capital acquired a new position in shares of Paramount Skydance in the 3rd quarter worth approximately $261,000. Hedges Asset Management LLC bought a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $248,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Paramount Skydance in the 3rd quarter valued at approximately $751,000. Institutional investors own 73.00% of the company’s stock.

Paramount Skydance Price Performance

Shares of NASDAQ PSKY opened at $9.72 on Friday. The stock has a market cap of $10.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.41 and a beta of 1.15. The firm’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $14.31. Paramount Skydance Corporation has a fifty-two week low of $9.54 and a fifty-two week high of $20.86. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 1.03.

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

Paramount Skydance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, March 16th. Paramount Skydance’s dividend payout ratio is currently 31.75%.

Analyst Ratings Changes

PSKY has been the topic of a number of research reports. Guggenheim increased their target price on shares of Paramount Skydance from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Zacks Research raised shares of Paramount Skydance from a “strong sell” rating to a “hold” rating in a report on Friday, February 6th. Morgan Stanley boosted their price objective on shares of Paramount Skydance from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Bank of America dropped their price objective on shares of Paramount Skydance from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 10th. Finally, TD Cowen cut their target price on shares of Paramount Skydance from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, February 26th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average target price of $13.00.

About Paramount Skydance

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.