Andra AP fonden reduced its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 16.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 495,000 shares of the company's stock after selling 98,300 shares during the period. Andra AP fonden owned approximately 0.09% of News worth $13,632,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of News in the third quarter valued at about $39,000. R Squared Ltd bought a new stake in News in the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after acquiring an additional 660 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of News in the third quarter valued at approximately $85,000. Finally, Principal Securities Inc. grew its position in News by 18.5% in the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock valued at $92,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.
News Trading Down 0.3 %
Shares of News stock traded down $0.07 during midday trading on Wednesday, reaching $26.77. The company had a trading volume of 3,127,779 shares, compared to its average volume of 2,967,793. The firm has a market cap of $15.19 billion, a PE ratio of 36.67 and a beta of 1.34. News Co. has a fifty-two week low of $22.65 and a fifty-two week high of $30.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The stock has a fifty day moving average price of $28.25 and a 200 day moving average price of $27.82.
News (NASDAQ:NWSA - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. On average, equities analysts anticipate that News Co. will post 0.94 earnings per share for the current year.
News Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. News's dividend payout ratio is currently 27.40%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on NWSA shares. Loop Capital decreased their price objective on News from $44.00 to $41.00 and set a "buy" rating for the company in a report on Monday, December 23rd. UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Guggenheim increased their price target on shares of News from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Citigroup started coverage on News in a report on Friday, January 10th. They set a "buy" rating and a $36.00 price target for the company. Finally, Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, News has an average rating of "Buy" and a consensus target price of $39.25.
Check Out Our Latest Research Report on NWSA
News Company Profile
(
Free Report)
News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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