Edgestream Partners L.P. Buys New Position in News Co. (NASDAQ:NWSA)

Edgestream Partners L.P. purchased a new position in News Co. (NASDAQ:NWSA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,578 shares of the company's stock, valued at approximately $732,000.

Other large investors also recently bought and sold shares of the company. Qsemble Capital Management LP purchased a new position in shares of News in the third quarter valued at $990,000. Barclays PLC boosted its position in News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after buying an additional 8,144,856 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of News by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company's stock valued at $115,512,000 after acquiring an additional 53,550 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of News by 26.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,283 shares of the company's stock worth $4,801,000 after acquiring an additional 37,702 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of News by 381.5% in the third quarter. FMR LLC now owns 192,936 shares of the company's stock worth $5,138,000 after acquiring an additional 152,864 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

News Stock Performance

Shares of NWSA opened at $26.94 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69. The firm has a fifty day moving average of $28.27 and a 200-day moving average of $27.83. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 36.90 and a beta of 1.34.

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News (NASDAQ:NWSA - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, equities analysts anticipate that News Co. will post 0.94 earnings per share for the current year.

News Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 12th. News's dividend payout ratio is currently 27.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NWSA shares. UBS Group upgraded News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. StockNews.com raised shares of News from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Seaport Res Ptn raised News to a "strong-buy" rating in a research report on Friday, January 31st. Guggenheim raised their price target on shares of News from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Loop Capital dropped their price objective on shares of News from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $39.25.

News 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.

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