News Co. (NASDAQ:NWS) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in shares of News Co. (NASDAQ:NWS) by 9.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,615 shares of the company’s stock after buying an additional 1,495 shares during the quarter. CIBC Asset Management Inc’s holdings in News were worth $500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in News during the second quarter valued at $97,000. Wealth Advisory Solutions LLC acquired a new stake in News during the second quarter worth about $202,000. Metropolis Capital Ltd raised its position in News by 13.2% during the second quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock valued at $23,911,000 after acquiring an additional 98,172 shares in the last quarter. ORG Partners LLC purchased a new stake in News in the 2nd quarter worth approximately $81,000. Finally, Wedmont Private Capital acquired a new stake in shares of News during the 2nd quarter worth approximately $213,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of NASDAQ NWS opened at $27.65 on Friday. News Co. has a 1 year low of $20.01 and a 1 year high of $29.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The company’s fifty day moving average price is $28.41 and its 200 day moving average price is $27.35. The company has a market capitalization of $15.76 billion, a PE ratio of 76.81 and a beta of 1.35.

News (NASDAQ:NWS) last released its quarterly 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 Announces Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th will be paid a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s dividend payout ratio is presently 55.56%.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.