Bank Pictet Acquires 2.54M Shares in Paramount Skydance Worth $48M
Bank Pictet & Cie Europe AG added a new 2.54M-share position in Paramount Skydance in Q3, representing 0.38% of the company worth ~$48M. The quarter saw multiple institutional buys—TB Alternative Assets ($7.36M), Exchange Traded Concepts ($4.6M) and others—bringing hedge fund ownership to 73.0%.
1. Major Institutional Stake Acquisition
During the third quarter, Bank Pictet & Cie Europe AG initiated a significant position in Paramount Skydance Corporation, purchasing 2,536,078 shares for approximately $47,983,000. By quarter end, the firm held about 0.38% of the company’s outstanding equity. Other new entrants in the period included TB Alternative Assets Ltd. with a $7.36 million stake, Exchange Traded Concepts LLC at $4.60 million, U.S. Capital Wealth Advisors LLC at $2.88 million, Czech National Bank at $1.48 million and Ethic Inc. at $0.96 million. Overall, institutional and hedge fund ownership stands at roughly 73% of the float.
2. Third‐Quarter Financial Performance
Paramount Skydance reported third‐quarter revenue of $6.73 billion, essentially unchanged year-over-year and slightly below analysts’ consensus. The company posted earnings per share of $0.12, missing the consensus by $0.37. Negative net margin of 0.95% weighed on profitability, though return on equity held at 3.95%. Liquidity metrics remain solid, with a current ratio of 1.34 and a quick ratio of 1.16, while the debt-to-equity ratio sits at 1.00.
3. Dividend and Payout Details
On November 10th, the board declared a quarterly cash dividend of $0.05 per share, payable January 2nd to holders of record as of December 18th. This equates to a $0.20 annualized distribution, representing a yield of 1.5%. The unusually high negative payout ratio of 666.67% reflects the company’s reported net loss base rather than free cash flow coverage.
4. Analyst Consensus and Outlook
A total of fifteen brokerage reports have been published since October. One firm maintains a Buy stance, five have assigned Hold ratings and nine issue Sell recommendations, resulting in an average consensus rating of Strong Sell. Despite mixed views, analysts’ average target implies modest upside potential relative to current valuation. Recent commentary highlights execution risks in content production and streaming investment dynamics as key drivers for the next twelve months.