Principal Financial Group Inc. Has $3.83 Million Stock Position in News Co. (NASDAQ:NWS)

Principal Financial Group Inc. raised its stake in shares of News Co. (NASDAQ:NWS) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 137,034 shares of the company’s stock after purchasing an additional 2,609 shares during the period. Principal Financial Group Inc.’s holdings in News were worth $3,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd boosted its stake in shares of News by 69.9% in the 1st quarter. Covestor Ltd now owns 1,201 shares of the company’s stock worth $33,000 after buying an additional 494 shares during the last quarter. Blue Trust Inc. raised its holdings in News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after acquiring an additional 1,449 shares during the period. iA Global Asset Management Inc. purchased a new position in News during the 1st quarter valued at about $76,000. ORG Wealth Partners LLC bought a new stake in News during the third quarter valued at $80,000. Finally, ORG Partners LLC purchased a new position in News in the 2nd quarter worth approximately $81,000. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

NWS opened at $32.13 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News Co. has a 1 year low of $22.21 and a 1 year high of $32.75. The stock’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $28.22. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 51.82 and a beta of 1.36.

Analyst Ratings Changes

Separately, Loop Capital raised shares of 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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.