Proficio Capital Partners LLC Takes $823,000 Position in News Co. (NASDAQ:NWS)

Proficio Capital Partners LLC acquired a new stake in News Co. (NASDAQ:NWS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,052 shares of the company’s stock, valued at approximately $823,000.

Several other institutional investors have also modified their holdings of NWS. Wilmington Savings Fund Society FSB raised its position in News by 123.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 517 shares in the last quarter. Asset Management One Co. Ltd. raised its position in News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after purchasing an additional 497 shares in the last quarter. Point72 DIFC Ltd bought a new stake in News during the 3rd quarter valued at $86,000. Blue Trust Inc. raised its position in News by 72.1% during the 4th quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock valued at $97,000 after purchasing an additional 1,457 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in News by 27.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after purchasing an additional 763 shares in the last quarter. 14.63% of the stock is owned by institutional investors.

News Trading Down 0.2 %

Shares of NASDAQ:NWS opened at $31.82 on Friday. News Co. has a 12-month low of $23.99 and a 12-month high of $35.25. The business’s fifty day simple moving average is $31.91 and its 200-day simple moving average is $30.37. The company has a market capitalization of $18.05 billion, a PE ratio of 43.59 and a beta of 1.37. 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:NWS) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. As a group, equities research analysts predict that News Co. will post 1.03 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a yield of 0.6%. News’s dividend payout ratio (DPR) is 27.40%.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st.

News Company 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.