Dimensional Fund Advisors LP Has $59.80 Million Stock Holdings in News Co. (NASDAQ:NWS)

Dimensional Fund Advisors LP increased its position in shares of News Co. (NASDAQ:NWS - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,965,125 shares of the company's stock after purchasing an additional 160,922 shares during the period. Dimensional Fund Advisors LP owned 0.35% of News worth $59,799,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of News by 1.9% in the 3rd quarter. Principal Financial Group Inc. now owns 137,034 shares of the company's stock worth $3,830,000 after purchasing an additional 2,609 shares during the last quarter. JPMorgan Chase & Co. grew its position in News by 101.0% in the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company's stock worth $13,889,000 after buying an additional 249,659 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of News by 28.5% in the fourth quarter. GAMMA Investing LLC now owns 7,790 shares of the company's stock valued at $237,000 after buying an additional 1,729 shares in the last quarter. Czech National Bank lifted its position in shares of News by 6.2% during the 4th quarter. Czech National Bank now owns 24,281 shares of the company's stock valued at $739,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of News during the 4th quarter worth $224,000. 14.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn raised News to a "strong-buy" rating in a research report on Friday, January 31st.

News Trading Up 0.6 %

Shares of NWS traded up $0.18 during midday trading on Monday, hitting $32.08. The stock had a trading volume of 391,937 shares, compared to its average volume of 746,579. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $35.25. The business has a 50-day simple moving average of $30.55 and a two-hundred day simple moving average of $31.07. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The firm has a market cap of $18.20 billion, a P/E ratio of 43.95 and a beta of 1.28.

News (NASDAQ:NWS - Get Free Report) last released its earnings results 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, equities analysts forecast that News Co. will post 1.03 EPS for the current year.

News Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a dividend yield of 0.6%. News's dividend payout ratio is 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.