8,730 Shares in News Co. (NASDAQ:NWS) Bought by DRW Securities LLC

DRW Securities LLC bought a new position in shares of News Co. (NASDAQ:NWS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,730 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors have also added to or reduced their stakes in NWS. QRG Capital Management Inc. increased its holdings in shares of News by 1.4% in the 2nd quarter. QRG Capital Management Inc. now owns 35,065 shares of the company’s stock worth $995,000 after buying an additional 486 shares during the last quarter. Covestor Ltd increased its stake in 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 acquiring an additional 494 shares during the last quarter. Treasurer of the State of North Carolina raised its position in News by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock valued at $1,328,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its stake in News by 18.8% during the first quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock worth $92,000 after purchasing an additional 537 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of News by 8.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,638 shares of the company’s stock valued at $217,000 after purchasing an additional 612 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

News Price Performance

Shares of News stock opened at $27.83 on Tuesday. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 77.31 and a beta of 1.37. The company has a fifty day moving average of $28.21 and a 200-day moving average of $27.37. News Co. has a 52-week low of $20.01 and a 52-week 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.

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

News Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s dividend payout ratio (DPR) 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.