Mutual of America Capital Management LLC Has $408,000 Stock Holdings in News Co. (NASDAQ:NWS)

Mutual of America Capital Management LLC reduced its holdings in News Co. (NASDAQ:NWS) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,410 shares of the company’s stock after selling 411 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWS. State Street Corp raised its stake in News by 4.4% during the third quarter. State Street Corp now owns 7,069,813 shares of the company’s stock worth $198,254,000 after buying an additional 295,631 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 period. Bank of New York Mellon Corp raised its position in shares of News by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 845,246 shares of the company’s stock worth $25,721,000 after acquiring an additional 125,852 shares in the last quarter. FMR LLC boosted its holdings in shares of News by 362.3% during the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock worth $2,654,000 after buying an additional 74,405 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of News by 27.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock valued at $5,584,000 after purchasing an additional 43,107 shares during the period. 14.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

News Trading Down 0.2 %

NASDAQ NWS opened at $31.82 on Monday. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 43.59 and a beta of 1.37. The business has a 50 day moving average price of $31.91 and a 200-day moving average price of $30.38. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. News Co. has a 52 week low of $23.99 and a 52 week high of $35.25.

News (NASDAQ:NWS) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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, equities analysts expect that News Co. will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

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

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.