Thompson Siegel & Walmsley LLC trimmed its holdings in News Co. (NASDAQ:NWSA - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,971,199 shares of the company's stock after selling 149,509 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.35% of News worth $54,287,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in NWSA. Principal Financial Group Inc. raised its holdings in shares of News by 2.9% in the third quarter. Principal Financial Group Inc. now owns 435,388 shares of the company's stock valued at $11,594,000 after buying an additional 12,345 shares during the last quarter. Entropy Technologies LP raised its holdings in shares of News by 658.4% in the third quarter. Entropy Technologies LP now owns 86,174 shares of the company's stock valued at $2,295,000 after buying an additional 74,811 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of News by 1.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 818,882 shares of the company's stock valued at $21,807,000 after buying an additional 8,289 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of News in the third quarter valued at about $592,000. Finally, MQS Management LLC bought a new stake in News during the 3rd quarter worth about $541,000. 66.97% of the stock is owned by institutional investors.
News Price Performance
News stock opened at $26.77 on Thursday. The firm has a market capitalization of $15.19 billion, a P/E ratio of 36.67 and a beta of 1.34. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69. The business has a 50-day moving average of $28.25 and a 200-day moving average of $27.82. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.
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 the consensus estimate of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. On average, equities analysts anticipate that News Co. will post 0.94 EPS for the current year.
News Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. News's dividend payout ratio is presently 27.40%.
Analysts Set New Price Targets
Several brokerages have weighed in on NWSA. StockNews.com raised News from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. Loop Capital dropped their price objective on News from $44.00 to $41.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Citigroup began coverage on News in a report on Friday, January 10th. They set a "buy" rating and a $36.00 price objective for the company. Finally, UBS Group raised News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $39.25.
Check Out Our Latest Stock Report on NWSA
News Company Profile
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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.
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