News Co. (NASDAQ:NWS) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in News Co. (NASDAQ:NWS) by 16.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,217 shares of the company’s stock after buying an additional 8,428 shares during the period. Sei Investments Co.’s holdings in News were worth $1,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NWS. Treasurer of the State of North Carolina boosted its stake in News by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,640 shares of the company’s stock worth $1,328,000 after buying an additional 500 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of News by 5.6% in the 4th quarter. Gabelli Funds LLC now owns 103,000 shares of the company’s stock valued at $2,649,000 after purchasing an additional 5,500 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of News by 31.3% in the 4th quarter. Cibc World Markets Corp now owns 77,038 shares of the company’s stock valued at $1,981,000 after purchasing an additional 18,362 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of News by 7.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 30,844 shares of the company’s stock valued at $793,000 after purchasing an additional 2,237 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of News by 18.8% in the 1st quarter. GAMMA Investing LLC now owns 3,392 shares of the company’s stock valued at $92,000 after purchasing an additional 537 shares in the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

Shares of NASDAQ:NWS opened at $27.51 on Friday. The company has a market cap of $15.68 billion, a P/E ratio of 76.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. News Co. has a one year low of $20.35 and a one year high of $29.59. The business’s 50-day simple moving average is $28.06 and its 200 day simple moving average is $27.41.

News (NASDAQ:NWS) last announced its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter. The business 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised News to a “strong-buy” rating in a research note on Tuesday, September 10th.

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