Envestnet Asset Management Inc. Acquires 28,681 Shares of News Co. (NASDAQ:NWS)

Envestnet Asset Management Inc. raised its position in News Co. (NASDAQ:NWS - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,499 shares of the company's stock after acquiring an additional 28,681 shares during the period. Envestnet Asset Management Inc.'s holdings in News were worth $5,462,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its position in shares of News by 123.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company's stock valued at $28,000 after acquiring an additional 517 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company's stock valued at $37,000 after purchasing an additional 702 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of News in the 4th quarter valued at approximately $43,000. Harvest Fund Management Co. Ltd raised its holdings in shares of News by 2,892.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company's stock worth $61,000 after buying an additional 1,996 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company's stock worth $82,000 after buying an additional 497 shares during the period. Institutional investors and hedge funds own 14.63% of the company's stock.

Analyst Ratings Changes

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

News Trading Up 0.5 %

News stock traded up $0.17 during mid-day trading on Friday, hitting $31.17. The stock had a trading volume of 140,441 shares, compared to its average volume of 753,598. The stock has a market capitalization of $17.68 billion, a PE ratio of 42.67 and a beta of 1.26. News Co. has a 12 month low of $23.99 and a 12 month high of $35.25. 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 50-day simple moving average of $30.85 and a two-hundred day simple moving average of $30.84.

News (NASDAQ:NWS - Get Free Report) last posted its quarterly 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 net margin of 4.22% and a return on equity of 5.31%. As a group, sell-side analysts forecast that News Co. will post 1.03 EPS for the current year.

News Dividend Announcement

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

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.