News Co. (NASDAQ:NWS) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in shares of News Co. (NASDAQ:NWS - Free Report) by 3,314.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,718 shares of the company's stock after acquiring an additional 113,300 shares during the period. International Assets Investment Management LLC's holdings in News were worth $3,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd lifted its stake in shares of News by 69.9% during the 1st quarter. Covestor Ltd now owns 1,201 shares of the company's stock worth $33,000 after acquiring an additional 494 shares during the last quarter. Blue Trust Inc. lifted its position in shares of News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company's stock worth $57,000 after purchasing an additional 1,449 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of News during the first quarter valued at $65,000. iA Global Asset Management Inc. bought a new position in shares of News in the first quarter worth about $76,000. Finally, ORG Wealth Partners LLC purchased a new position in News in the 3rd quarter worth about $80,000. Hedge funds and other institutional investors own 14.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

News Trading Up 0.1 %

NASDAQ:NWS traded up $0.04 during midday trading on Friday, hitting $29.08. The stock had a trading volume of 422,429 shares, compared to its average volume of 595,085. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $27.97 and a 200 day moving average of $27.65. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 63.22 and a beta of 1.36. News Co. has a one year low of $21.19 and a one year high of $29.61.

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

News Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News's dividend payout ratio (DPR) is presently 43.48%.

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.