1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. ViacomCBS Inc.
  6. News
  7. Summary
    PARA   US92556H2067

VIACOMCBS INC.

(PARA)
  Report
Delayed Nasdaq  -  04:00 2022-07-01 pm EDT
25.21 USD   +2.15%
07/01Daiwa Securities Starts Paramount Global at Neutral With $26 Price Target
MT
06/30Paramount Global to Report Second Quarter Financial Results on August 4, 2022
PR
06/29Paramount Global, Mediacom Renew Carriage Agreement
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Buffett's firm reveals new stakes in Paramount, Citigroup

05/16/2022 | 07:23pm EDT

OMAHA, Neb. (AP) — Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.

But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent annual meeting. That means investors already knew that he had invested heavily in Chevron, Occidental Petroleum and HP Inc. during the quarter, while picking up nearly 4 million more Apple shares and betting that Microsoft's acquisition of Activision Blizzard will go through.

But Monday's Securities and Exchange Commission filing also revealed new stakes in Citigroup, Ally Financial, media company Paramount Global, insurer Markel, chemical maker Celanese Corp., and pharmaceutical distributor McKesson Corp.

Berkshire also added 2 million General Motors shares to give it 62 million shares of the automaker during a quarter when its cash pile shrank to $106 billion from $147 billion because of all of its stock purchases.

The filing Berkshire submitted Monday doesn't make clear which moves Buffett made and which investments were made by Berkshire's two other investment managers. But Buffett typically handles all the company's larger investments worth more than $1 billion, such as Berkshire's stakes in Apple, Bank of America and Coca-Cola. Buffett and other Berkshire officials don't comment on these quarterly stock filings.

Recent SEC filings showed that Berkshire continued buying Occidental Petroleum shares after the first quarter ended and it now holds more than 15% of the oil producer's stock.

In addition to all the new investments, Berkshire did sell off nearly $10 billion in stocks, including trimming its holdings in grocer Kroger and Verizon Communications, and eliminating investments in drugmakers Abbvie and Bristol Myers Squibb.

Besides investments, Berkshire owns an eclectic assortment of more than 90 companies, including BNSF railroad, several major utilities, Geico and other insurers, and an assortment of manufacturing and retail companies.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about VIACOMCBS INC.
07/01Daiwa Securities Starts Paramount Global at Neutral With $26 Price Target
MT
06/30Paramount Global to Report Second Quarter Financial Results on August 4, 2022
PR
06/29Paramount Global, Mediacom Renew Carriage Agreement
MT
06/29Mediacom Communications Renews Carriage Agreement with Paramount Global
CI
06/28The smurfs returns to nickelodeon with brand-new second season starting monday, july 18
PR
06/24US Stocks Climb as Inflation Expectations Seen Easing, Bullard Plays Down Recession Fea..
MT
06/24US Stocks Climb on Friday as Inflation Expectations Seen Easing, Bullard Plays Down Rec..
MT
06/24Meta, Disney, Netflix, Others to Cover Employees' Abortion Travel Costs After Supreme C..
MT
06/22VIACOMCBS : Paramount+'s Global Expansion Strategy
PU
06/21Paramount Global to Launch Paramount+ in UK, Ireland
MT
More news
Analyst Recommendations on VIACOMCBS INC.
More recommendations
Financials (USD)
Sales 2022 30 554 M - -
Net income 2022 1 707 M - -
Net Debt 2022 11 485 M - -
P/E ratio 2022 9,65x
Yield 2022 3,90%
Capitalization 16 471 M 16 471 M -
EV / Sales 2022 0,91x
EV / Sales 2023 0,87x
Nbr of Employees 22 965
Free-Float 50,8%
Chart VIACOMCBS INC.
Duration : Period :
ViacomCBS Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VIACOMCBS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Last Close Price 25,21 $
Average target price 36,25 $
Spread / Average Target 43,8%
EPS Revisions
Managers and Directors
Robert Marc Bakish President, Chief Executive Officer & Director
Thomas V. Ryan President & CEO
Naveen Chopra Chief Financial Officer & Executive Vice President
Shari Ellen Redstone Non-Executive Chairman
Philip R. Wiser Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
VIACOMCBS INC.-16.47%16 471
COMCAST CORPORATION-19.95%180 500
WALT DISNEY COMPANY (THE)-37.93%175 117
FORMULA ONE GROUP-1.69%14 301
THE LIBERTY SIRIUSXM GROUP-27.55%12 307
GRUPO TELEVISA, S.A.B.-13.41%4 638