News Co. (NASDAQ:NWS) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of News Co. (NASDAQ:NWS) by 253.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,021 shares of the company’s stock after purchasing an additional 1,449 shares during the quarter. Blue Trust Inc.’s holdings in News were worth $57,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NWS. Allspring Global Investments Holdings LLC lifted its stake in News by 64.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,833 shares of the company’s stock worth $266,000 after purchasing an additional 3,848 shares in the last quarter. Principal Financial Group Inc. lifted its stake in News by 6.3% during the 1st quarter. Principal Financial Group Inc. now owns 137,664 shares of the company’s stock worth $3,725,000 after acquiring an additional 8,131 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in News by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 215,847 shares of the company’s stock valued at $5,841,000 after acquiring an additional 22,287 shares during the period. Hanlon Investment Management Inc. acquired a new position in News in the 1st quarter valued at about $303,000. Finally, Fidelis Capital Partners LLC purchased a new stake in News during the first quarter worth about $65,000. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Performance

NASDAQ:NWS opened at $29.04 on Friday. News Co. has a 52 week low of $21.19 and a 52 week high of $29.61. The company has a fifty day simple moving average of $27.97 and a two-hundred day simple moving average of $27.58. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 63.30 and a beta of 1.36.

News (NASDAQ:NWS) last released its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The firm had revenue of $2.58 billion during the quarter. News had a return on equity of 4.51% and a net margin of 2.64%.

News Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th were given a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News’s dividend payout ratio (DPR) is 43.48%.

Analysts Set New Price Targets

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.

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.