Price T Rowe Associates Inc. MD decreased its stake in shares of News Co. (NASDAQ:NWS - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,011,333 shares of the company's stock after selling 270,830 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.53% of News worth $91,636,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in News by 101.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company's stock worth $13,889,000 after purchasing an additional 249,659 shares in the last quarter. Blue Trust Inc. boosted its position in shares of News by 72.1% during the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the company's stock worth $97,000 after buying an additional 1,457 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of News by 16.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company's stock worth $153,000 after buying an additional 727 shares in the last quarter. GAMMA Investing LLC raised its position in News by 28.5% in the 4th quarter. GAMMA Investing LLC now owns 7,790 shares of the company's stock valued at $237,000 after buying an additional 1,729 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in News by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 137,034 shares of the company's stock valued at $3,830,000 after acquiring an additional 2,609 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a report on Friday, January 31st.
Check Out Our Latest Analysis on NWS
News Trading Up 0.7 %
News stock opened at $31.23 on Monday. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 42.78 and a beta of 1.26. The firm has a 50-day moving average of $30.70 and a 200-day moving average of $30.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. News Co. has a one year low of $23.99 and a one year high of $35.25.
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%. On average, equities analysts expect that News Co. will post 1.03 earnings per share for the current fiscal year.
News Dividend Announcement
The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a dividend yield of 0.6%. News's payout ratio is 27.40%.
About News
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Co. (NASDAQ:NWS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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