5 Best News and Digital Media Stocks To Buy

4. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 43

Paramount Global (NASDAQ:PARA) is a global media and entertainment company with operations worldwide. The company operates through three segments – TV Media, Direct-to-Consumer, and Filmed Entertainment. It is one of the best entertainment stocks to monitor. On February 22, Paramount Global (NASDAQ:PARA) declared a quarterly dividend of $0.05 per share, in line with previous. The dividend is payable on April 1, to shareholders on record as of March 15. 

According to Insider Monkey’s fourth quarter database, 43 hedge funds were long Paramount Global (NASDAQ:PARA), compared to 33 funds in the last quarter. Warren Buffett’s Berkshire Hathaway is the leading stakeholder of the company, with 63.3 million shares worth $936.5 million. 

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