Corient Private Wealth LLC Has $293,000 Stock Position in News Co. (NASDAQ:NWS)

Corient Private Wealth LLC lessened its holdings in News Co. (NASDAQ:NWS) by 57.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,632 shares of the company’s stock after selling 13,128 shares during the period. Corient Private Wealth LLC’s holdings in News were worth $293,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NWS. Daiwa Securities Group Inc. raised its position in News by 4.6% in the third quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock valued at $223,000 after purchasing an additional 348 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in News by 101.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after acquiring an additional 249,659 shares during the last quarter. Blue Trust Inc. increased its position in News by 72.1% in the 4th quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock valued at $97,000 after acquiring an additional 1,457 shares during the period. GAMMA Investing LLC raised its stake in shares of News by 28.5% during the fourth quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock valued at $237,000 after acquiring an additional 1,729 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of News by 1.9% during the third quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock worth $3,830,000 after purchasing an additional 2,609 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Up 2.4 %

Shares of NASDAQ NWS opened at $30.37 on Tuesday. News Co. has a 52-week low of $23.99 and a 52-week high of $35.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The company’s 50 day moving average price is $32.01 and its 200-day moving average price is $30.65. The company has a market capitalization of $17.23 billion, a P/E ratio of 41.60 and a beta of 1.37.

News (NASDAQ:NWS) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Equities analysts forecast that News Co. will post 1.03 earnings per share for the current year.

News Dividend Announcement

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

Analysts Set New Price Targets

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

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.