Bank of New York Mellon Corp Grows Position in News Co. (NASDAQ:NWS)

Bank of New York Mellon Corp boosted its stake in News Co. (NASDAQ:NWS - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 845,246 shares of the company's stock after acquiring an additional 125,852 shares during the period. Bank of New York Mellon Corp owned 0.15% of News worth $25,721,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its position in News by 4.4% during the 3rd quarter. State Street Corp now owns 7,069,813 shares of the company's stock valued at $198,254,000 after acquiring an additional 295,631 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of News by 101.0% during the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company's stock valued at $13,889,000 after purchasing an additional 249,659 shares during the last quarter. FMR LLC boosted its position in shares of News by 362.3% in the 3rd quarter. FMR LLC now owns 94,940 shares of the company's stock worth $2,654,000 after purchasing an additional 74,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of News by 27.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company's stock worth $5,584,000 after buying an additional 43,107 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new position in News during the third quarter valued at $1,145,000. 14.63% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised shares of News to a "strong-buy" rating in a research report on Friday, January 31st.

News Stock Down 2.1 %

NWS traded down $0.63 during trading on Thursday, hitting $30.08. 351,716 shares of the company's stock traded hands, compared to its average volume of 707,714. News Co. has a 12-month low of $23.99 and a 12-month high of $35.25. The company's 50 day simple moving average is $31.93 and its two-hundred day simple moving average is $30.42. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 41.20 and a beta of 1.37.

News (NASDAQ:NWS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Analysts predict that News Co. will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 0.6%. News's dividend payout ratio is presently 27.40%.

About News

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.