Capital Fund Management S.A. Sells 94,356 Shares of News Co. (NASDAQ:NWSA)

Capital Fund Management S.A. lowered its position in shares of News Co. (NASDAQ:NWSA - Free Report) by 38.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,997 shares of the company's stock after selling 94,356 shares during the quarter. Capital Fund Management S.A.'s holdings in News were worth $4,241,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of News by 124.0% in the third 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. Norges Bank acquired a new position in shares of News during the fourth quarter worth approximately $172,357,000. Assenagon Asset Management S.A. grew its stake in shares of News by 374.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company's stock valued at $59,488,000 after purchasing an additional 1,704,944 shares during the last quarter. FIL Ltd increased its holdings in shares of News by 53.7% in the fourth quarter. FIL Ltd now owns 2,609,416 shares of the company's stock valued at $71,863,000 after purchasing an additional 911,343 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in News by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock worth $1,403,227,000 after purchasing an additional 632,721 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NWSA has been the subject of several research reports. StockNews.com cut News from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Guggenheim raised their target price on shares of News from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Citigroup began coverage on shares of News in a research note on Friday, January 10th. They set a "buy" rating and a $36.00 price target for the company. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a report on Friday, January 31st. Finally, Loop Capital reduced their price target on News from $44.00 to $41.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $38.80.

News Trading Up 0.7 %

NASDAQ:NWSA traded up $0.19 on Friday, reaching $25.86. The company's stock had a trading volume of 2,980,969 shares, compared to its average volume of 2,802,958. News Co. has a 1-year low of $22.65 and a 1-year high of $30.69. The business's 50-day moving average price is $27.27 and its two-hundred day moving average price is $27.70. The firm has a market cap of $14.67 billion, a PE ratio of 35.43 and a beta of 1.24. 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 (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, topping analysts' consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Equities research analysts anticipate that News Co. will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Wednesday, March 12th. News's dividend payout ratio is presently 27.40%.

About News

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.