Paramount Skydance Corporation $PSKY Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of Paramount Skydance Corporation (NASDAQ:PSKY) by 72.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,080 shares of the company’s stock after selling 111,364 shares during the period. Illinois Municipal Retirement Fund’s holdings in Paramount Skydance were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Paramount Skydance by 35.0% in the first quarter. International Assets Investment Management LLC now owns 12,034 shares of the company’s stock valued at $111,000 after purchasing an additional 3,120 shares during the period. Pittenger & Anderson Inc. increased its position in Paramount Skydance by 18.0% during the first quarter. Pittenger & Anderson Inc. now owns 6,560 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp raised its stake in Paramount Skydance by 341.9% during the first quarter. Fifth Third Bancorp now owns 57,837 shares of the company’s stock worth $522,000 after purchasing an additional 44,750 shares during the period. Corrado Advisors LLC purchased a new position in Paramount Skydance during the first quarter worth about $1,254,000. Finally, Hsbc Holdings PLC boosted its holdings in Paramount Skydance by 8.6% in the 1st quarter. Hsbc Holdings PLC now owns 592,587 shares of the company’s stock valued at $5,356,000 after purchasing an additional 47,011 shares during the last quarter. Institutional investors and hedge funds own 73.00% of the company’s stock.

Paramount Skydance Stock Down 3.3%

Shares of PSKY opened at $8.21 on Friday. The firm has a market cap of $9.19 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. Paramount Skydance Corporation has a 12-month low of $8.17 and a 12-month high of $20.86. The company’s 50-day moving average price is $9.90 and its 200 day moving average price is $10.52. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Paramount Skydance (NASDAQ:PSKY) last posted its earnings results on Monday, May 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $7.35 billion for the quarter. Paramount Skydance had a negative net margin of 2.08% and a positive return on equity of 4.58%. During the same period in the previous year, the company earned $0.22 EPS. On average, sell-side analysts forecast that Paramount Skydance Corporation will post 0.62 earnings per share for the current year.

Paramount Skydance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Paramount Skydance’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley raised shares of Paramount Skydance from an “underweight” rating to an “overweight” rating and increased their price target for the company from $11.00 to $14.00 in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Skydance in a research report on Wednesday, June 24th. Wells Fargo & Company decreased their price objective on Paramount Skydance from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Arete Research reiterated a “sell” rating and issued a $2.00 price objective on shares of Paramount Skydance in a research report on Thursday, July 9th. Finally, Guggenheim lowered their price objective on Paramount Skydance from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Skydance currently has an average rating of “Reduce” and an average price target of $12.00.

Paramount Skydance News Roundup

Here are the key news stories impacting Paramount Skydance this week:

• Positive Sentiment: Paramount Skydance received EU approval for its Warner Bros. Discovery takeover after agreeing to commitments, removing one major regulatory hurdle for the blockbuster deal. Paramount-Warner Bros deal paused through August 17, judge rules
• Positive Sentiment: Separately, Paramount is trying to support its streaming strategy by expanding a free tier for Paramount+, which could help attract price-sensitive users and improve engagement. Paramount+ is building out a free tier to lure cost-conscious viewers
• Neutral Sentiment: The company’s media M&A positioning remains a broader industry talking point, with investors focused on whether consolidation can create value over the long term. The Netflix-Lionsgate Rumor Exposed a Bigger Shift in Media M&A (PSKY)
• Negative Sentiment: A federal judge has paused the Warner Bros. Discovery acquisition through mid-August, and Paramount also agreed to keep the deal on hold until antitrust litigation is resolved or until June 1, 2027, whichever comes first. That extends uncertainty around a key strategic transaction and may weigh on PSKY shares. Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge

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.