Corient Private Wealth LLC Has $293,000 Holdings in News Co. (NASDAQ:NWS)

Corient Private Wealth LLC lessened its stake in News Co. (NASDAQ:NWS - Free Report) by 57.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,632 shares of the company's stock after selling 13,128 shares during the period. Corient Private Wealth LLC's holdings in News were worth $293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in News by 4.4% during the third quarter. State Street Corp now owns 7,069,813 shares of the company's stock worth $198,254,000 after buying an additional 295,631 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of News by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 845,246 shares of the company's stock worth $25,721,000 after acquiring an additional 125,852 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of News by 101.0% in the 3rd 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 period. BNP Paribas Financial Markets boosted its position in shares of News by 11.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 250,582 shares of the company's stock valued at $7,004,000 after purchasing an additional 26,044 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in News by 3.7% during the fourth quarter. Rhumbline Advisers now owns 203,657 shares of the company's stock worth $6,197,000 after purchasing an additional 7,238 shares during the period. Institutional investors and hedge funds own 14.63% of the company's stock.

News Stock Down 5.9 %

NASDAQ NWS traded down $1.73 on Friday, hitting $27.70. 1,060,131 shares of the company were exchanged, compared to its average volume of 755,384. 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 company has a market cap of $15.72 billion, a PE ratio of 37.95 and a beta of 1.26. The stock has a fifty day moving average of $31.87 and a 200-day moving average of $30.66. News Co. has a 12 month low of $23.99 and a 12 month high of $35.25.

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

News Announces Dividend

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

Wall Street Analyst Weigh In

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

News Company Profile

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.