News Co. (NASDAQ:NWSA) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC lessened its holdings in News Co. (NASDAQ:NWSA) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,295 shares of the company’s stock after selling 600 shares during the quarter. V Square Quantitative Management LLC’s holdings in News were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after buying an additional 8,144,856 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of News by 374.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,160,045 shares of the company’s stock valued at $59,488,000 after buying an additional 1,704,944 shares in the last quarter. Whale Rock Capital Management LLC purchased a new position in shares of News during the 3rd quarter valued at approximately $44,585,000. State Street Corp lifted its position in shares of News by 6.1% during the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after buying an additional 1,476,224 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of News by 1,815.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after buying an additional 1,339,379 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several recent research reports. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Guggenheim lifted their target price on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Loop Capital lowered their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, Citigroup assumed coverage on shares of News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 target price on the stock. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $39.25.

News Trading Up 2.4 %

Shares of NWSA stock opened at $30.21 on Tuesday. The company’s 50-day moving average price is $28.18 and its 200-day moving average price is $27.68. The company has a current ratio of 1.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 41.38 and a beta of 1.35. News Co. has a twelve month low of $22.65 and a twelve month high of $30.25.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, equities analysts predict that News Co. will post 0.94 earnings per share for the current year.

News Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 1.32%. News’s dividend payout ratio (DPR) is currently 27.40%.

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.