American Century Companies Inc. Sells 3,334 Shares of News Co. (NASDAQ:NWSA)

American Century Companies Inc. reduced its position in shares of News Co. (NASDAQ:NWSA) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,827 shares of the company’s stock after selling 3,334 shares during the period. American Century Companies Inc.’s holdings in News were worth $2,973,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC bought a new position in shares of News in the second quarter worth about $380,000. Headlands Technologies LLC raised its stake in shares of News by 27.5% in the second quarter. Headlands Technologies LLC now owns 16,220 shares of the company’s stock worth $447,000 after acquiring an additional 3,499 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of News by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 46,824 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,812 shares during the last quarter. Choreo LLC bought a new position in shares of News in the second quarter worth about $240,000. Finally, Prestige Wealth Management Group LLC raised its stake in shares of News by 16.1% in the second quarter. Prestige Wealth Management Group LLC now owns 5,774 shares of the company’s stock worth $159,000 after acquiring an additional 799 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NWSA shares. Loop Capital boosted their price target on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $38.00.

News Trading Up 0.5 %

NWSA opened at $26.50 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 73.61 and a beta of 1.34. The firm has a 50 day simple moving average of $27.06 and a 200 day simple moving average of $26.49. News Co. has a fifty-two week low of $19.25 and a fifty-two week high of $28.62.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. News had a net margin of 2.64% and a return on equity of 4.51%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, sell-side analysts anticipate that News Co. will post 0.87 earnings per share for the current year.

News Announces Dividend

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

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