Principal Financial Group Inc. Grows Position in News Co. (NASDAQ:NWS)

Principal Financial Group Inc. lifted its position 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 firm owned 137,034 shares of the company’s stock after purchasing an additional 2,609 shares during the quarter. Principal Financial Group Inc.’s holdings in News were worth $3,830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. ORG Wealth Partners LLC purchased a new position in News in the third quarter valued at about $80,000. Point72 DIFC Ltd purchased a new stake in shares of News in the third quarter worth about $86,000. Glenmede Trust Co. NA grew its stake in shares of News by 27.7% in the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after buying an additional 763 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of News by 218.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock valued at $153,000 after buying an additional 3,735 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

Shares of NWS stock opened at $30.37 on Friday. The company’s fifty day moving average price is $31.15 and its two-hundred day moving average price is $29.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The firm has a market capitalization of $17.27 billion, a P/E ratio of 48.98 and a beta of 1.38. News Co. has a 12 month low of $23.99 and a 12 month high of $32.87.

Analyst Ratings Changes

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

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.