News Co. (NASDAQ:NWS) Shares Acquired by TD Asset Management Inc

TD Asset Management Inc boosted its stake in News Co. (NASDAQ:NWS) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,310 shares of the company’s stock after buying an additional 1,463 shares during the quarter. TD Asset Management Inc’s holdings in News were worth $633,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Metropolis Capital Ltd lifted its stake in shares of News by 13.2% in the second quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after buying an additional 98,172 shares in the last quarter. Norges Bank acquired a new stake in News in the 4th quarter valued at about $7,919,000. BNP Paribas Financial Markets lifted its stake in News by 11.5% in the 1st quarter. BNP Paribas Financial Markets now owns 215,847 shares of the company’s stock worth $5,841,000 after purchasing an additional 22,287 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of News by 1.8% during the 4th quarter. Hsbc Holdings PLC now owns 171,282 shares of the company’s stock worth $4,408,000 after purchasing an additional 3,052 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in shares of News by 156.1% in the first quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock valued at $4,236,000 after purchasing an additional 95,429 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

News Price Performance

News stock opened at $27.38 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $28.30 and a 200 day moving average price of $27.35. News Co. has a 12-month low of $20.01 and a 12-month high of $29.59. The stock has a market cap of $15.57 billion, a P/E ratio of 76.06 and a beta of 1.37.

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

News Dividend Announcement

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

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.