Victory Capital Management Inc. Lowers Stock Holdings in News Co. (NASDAQ:NWSA)

Victory Capital Management Inc. lessened its holdings in News Co. (NASDAQ:NWSA - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,213 shares of the company's stock after selling 11,406 shares during the period. Victory Capital Management Inc.'s holdings in News were worth $5,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NWSA. Seelaus Asset Management LLC raised its position in shares of News by 3.8% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company's stock worth $304,000 after acquiring an additional 417 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of News by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company's stock worth $319,000 after purchasing an additional 422 shares during the last quarter. Principal Securities Inc. increased its position in shares of News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock worth $92,000 after purchasing an additional 521 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company's stock valued at $345,000 after purchasing an additional 533 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after purchasing an additional 660 shares during the period. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Price Performance

NWSA opened at $26.98 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.31 billion, a P/E ratio of 36.96 and a beta of 1.34. The company has a 50 day moving average of $28.20 and a two-hundred day moving average of $27.80. News Co. has a 52-week low of $22.65 and a 52-week high of $30.69.

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News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. On average, analysts expect that News Co. will post 0.94 earnings per share for the current year.

News Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 12th. News's payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

NWSA has been the subject of several recent research reports. Guggenheim increased their target price on shares of News from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. UBS Group raised News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Loop Capital cut their price objective on News from $44.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Citigroup started coverage on shares of News in a research note on Friday, January 10th. They set a "buy" rating and a $36.00 price target on the stock. Finally, StockNews.com raised News from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.25.

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.

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