Hsbc Holdings PLC Has $6.13 Million Stock Holdings in News Co. (NASDAQ:NWS)

Hsbc Holdings PLC increased its holdings in shares of News Co. (NASDAQ:NWS) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 215,462 shares of the company’s stock after acquiring an additional 14,791 shares during the period. Hsbc Holdings PLC’s holdings in News were worth $6,131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of News by 69.9% during 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 period. Fidelis Capital Partners LLC bought a new position in News during the 1st quarter valued at about $65,000. iA Global Asset Management Inc. acquired a new position in News in the first quarter valued at about $76,000. ORG Partners LLC bought a new stake in News during the second quarter worth about $81,000. Finally, GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 537 shares in the last quarter. Institutional investors own 14.63% of the company’s stock.

News Trading Up 0.5 %

Shares of NASDAQ NWS opened at $27.83 on Tuesday. The company’s 50 day simple moving average is $28.21 and its 200 day simple moving average is $27.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a fifty-two week low of $20.01 and a fifty-two week high of $29.59. The firm has a market capitalization of $15.86 billion, a P/E ratio of 77.31 and a beta of 1.37.

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

News Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.