News Co. (NASDAQ:NWSA) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in News Co. (NASDAQ:NWSA) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,693 shares of the company’s stock after acquiring an additional 820 shares during the quarter. Asset Management One Co. Ltd.’s holdings in News were worth $4,216,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NWSA. Allspring Global Investments Holdings LLC increased its position in shares of News by 204.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 344,043 shares of the company’s stock worth $9,447,000 after purchasing an additional 231,056 shares in the last quarter. Arlington Partners LLC grew its holdings in News by 3.4% in the 4th quarter. Arlington Partners LLC now owns 151,720 shares of the company’s stock valued at $4,178,000 after buying an additional 5,011 shares in the last quarter. Savant Capital LLC grew its holdings in News by 9.6% in the 4th quarter. Savant Capital LLC now owns 16,076 shares of the company’s stock valued at $443,000 after buying an additional 1,411 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in News by 477.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 18,364 shares of the company’s stock valued at $506,000 after buying an additional 15,184 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in News by 1.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,743 shares of the company’s stock valued at $1,177,000 after buying an additional 788 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Seaport Res Ptn raised News to a “strong-buy” rating in a research note on Friday, January 31st. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Guggenheim upped their price target on News from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Loop Capital decreased their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $39.25.

News Trading Up 0.9 %

Shares of NWSA stock opened at $30.49 on Thursday. The business’s 50 day moving average is $28.23 and its two-hundred day moving average is $27.73. The company has a market capitalization of $17.30 billion, a P/E ratio of 41.77 and a beta of 1.35. News Co. has a twelve month low of $22.65 and a twelve month high of $30.69. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Equities analysts forecast that News Co. will post 0.94 EPS for the current year.

News Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s dividend payout ratio 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.