California State Teachers Retirement System Sells 7,551 Shares of News Co. (NASDAQ:NWS)

California State Teachers Retirement System lowered its position in News Co. (NASDAQ:NWS) by 34.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,207 shares of the company’s stock after selling 7,551 shares during the period. California State Teachers Retirement System’s holdings in News were worth $384,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NWS. Headlands Technologies LLC bought a new stake in News in the 4th quarter valued at about $27,000. Covestor Ltd raised its position in shares of News by 69.9% in the first quarter. Covestor Ltd now owns 1,201 shares of the company’s stock valued at $33,000 after purchasing an additional 494 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of News during the 1st quarter valued at approximately $65,000. GAMMA Investing LLC purchased a new position in News in the 4th quarter valued at approximately $73,000. Finally, Russell Investments Group Ltd. raised its holdings in News by 21.3% during the 1st quarter. Russell Investments Group Ltd. now owns 4,009 shares of the company’s stock valued at $108,000 after acquiring an additional 703 shares during the period. 14.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

News Trading Up 0.7 %

NASDAQ NWS traded up $0.21 on Monday, hitting $29.29. The company’s stock had a trading volume of 443,353 shares, compared to its average volume of 726,850. News Co. has a 52-week low of $21.19 and a 52-week high of $29.61. The company’s 50-day simple moving average is $27.97 and its 200 day simple moving average is $27.65. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The firm has a market cap of $16.65 billion, a P/E ratio of 63.22 and a beta of 1.36.

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

News Dividend Announcement

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

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.