Yousif Capital Management LLC Sells 794 Shares of News Co. (NASDAQ:NWS)

Yousif Capital Management LLC decreased its stake in News Co. (NASDAQ:NWS) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,040 shares of the company’s stock after selling 794 shares during the period. Yousif Capital Management LLC’s holdings in News were worth $458,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in News in the 3rd quarter worth approximately $86,000. Glenmede Trust Co. NA grew its position in shares of 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. Nisa Investment Advisors LLC increased its holdings in shares of News by 218.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after purchasing an additional 3,735 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of News in the fourth quarter worth $224,000. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

News Trading Up 1.6 %

NASDAQ NWS opened at $34.86 on Tuesday. The firm has a market cap of $19.82 billion, a PE ratio of 47.75 and a beta of 1.38. News Co. has a 1-year low of $23.99 and a 1-year high of $34.97. The company has a current ratio of 1.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $31.56 and a 200-day moving average of $29.95.

News (NASDAQ:NWS) last issued its quarterly earnings data 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, sell-side analysts forecast that News Co. will post 0.96 EPS for the current year.

News Dividend Announcement

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

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