789,540 Shares in News Co. (NASDAQ:NWS) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in News Co. (NASDAQ:NWS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 789,540 shares of the company's stock, valued at approximately $22,415,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.14% of News at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NWS. Norges Bank bought a new position in News during the fourth quarter valued at approximately $7,919,000. Treasurer of the State of North Carolina grew its position in News by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company's stock valued at $1,328,000 after buying an additional 500 shares during the period. Gabelli Funds LLC lifted its position in shares of News by 5.6% during the 4th quarter. Gabelli Funds LLC now owns 103,000 shares of the company's stock valued at $2,649,000 after buying an additional 5,500 shares in the last quarter. Cibc World Markets Corp grew its position in shares of News by 31.3% during the fourth quarter. Cibc World Markets Corp now owns 77,038 shares of the company's stock worth $1,981,000 after purchasing an additional 18,362 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in News by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,844 shares of the company's stock worth $793,000 after purchasing an additional 2,237 shares in the last quarter. Institutional investors own 14.63% of the company's stock.

News Trading Up 0.4 %

NASDAQ NWS traded up $0.12 during trading hours on Friday, hitting $27.48. 228,402 shares of the company were exchanged, compared to its average volume of 740,965. The stock has a market cap of $15.66 billion, a PE ratio of 76.00 and a beta of 1.37. News Co. has a 52 week low of $20.35 and a 52 week high of $29.59. The stock has a 50-day moving average price of $28.08 and a 200 day moving average price of $27.40. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The company had revenue of $2.58 billion for the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

News Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th will be paid a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News's dividend payout ratio is presently 55.56%.

Wall Street Analyst Weigh In

Separately, Loop Capital upgraded shares of News to a "strong-buy" rating in a report on Tuesday, September 10th.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.