Texas Permanent School Fund Corp Has $538,000 Position in News Co. (NASDAQ:NWS)

Texas Permanent School Fund Corp trimmed its position in News Co. (NASDAQ:NWS) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,960 shares of the company’s stock after selling 4,741 shares during the period. Texas Permanent School Fund Corp’s holdings in News were worth $538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NWS. Redwood Investment Management LLC acquired a new position in News in the first quarter valued at about $636,000. QRG Capital Management Inc. increased its stake in News by 183.8% during the 1st quarter. QRG Capital Management Inc. now owns 34,579 shares of the company’s stock worth $936,000 after purchasing an additional 22,394 shares in the last quarter. Edgestream Partners L.P. raised its holdings in News by 156.1% during the 1st quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock worth $4,236,000 after buying an additional 95,429 shares during the period. SG Americas Securities LLC raised its holdings in News by 172.2% during the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock worth $3,364,000 after buying an additional 74,968 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of News by 5.6% in the fourth quarter. Gabelli Funds LLC now owns 103,000 shares of the company’s stock valued at $2,649,000 after buying an additional 5,500 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of News stock opened at $27.68 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 76.89 and a beta of 1.37. The stock’s 50-day moving average is $28.22 and its 200-day moving average is $27.36. News Co. has a one year low of $20.01 and a one year high of $29.59.

News (NASDAQ:NWS) last released its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The firm had revenue of $2.58 billion for the quarter. News had a return on equity of 4.51% and a net margin of 2.64%.

News Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th will be given a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s dividend payout ratio (DPR) is currently 55.56%.

Analysts Set New Price Targets

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

About News

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.