News Co. (NASDAQ:NWSA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in News Co. (NASDAQ:NWSA) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,384 shares of the company’s stock after selling 1,197 shares during the period. Mutual of America Capital Management LLC’s holdings in News were worth $1,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of News in the third quarter valued at approximately $39,000. R Squared Ltd acquired a new stake in News in the fourth quarter worth approximately $49,000. Wilmington Savings Fund Society FSB bought a new position in News during the 3rd quarter valued at $85,000. Principal Securities Inc. increased its position in shares of News by 18.5% during the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after purchasing an additional 521 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of News in the 4th quarter worth $137,000. 66.97% of the stock is owned by institutional investors.

News Trading Down 1.1 %

NASDAQ NWSA opened at $27.96 on Monday. The firm’s 50 day moving average price is $28.27 and its two-hundred day moving average price is $27.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. News Co. has a twelve month low of $22.65 and a twelve month high of $30.69. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 38.30 and a beta of 1.34.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Equities analysts anticipate that News Co. will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s payout ratio is presently 27.40%.

Wall Street Analyst Weigh In

NWSA has been the topic of a number of research analyst reports. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Loop Capital lowered their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Seaport Res Ptn raised News to a “strong-buy” rating in a report on Friday, January 31st. Finally, Citigroup assumed coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $39.25.

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.