Toronto Dominion Bank Has $5.59 Million Holdings in News Co. (NASDAQ:NWSA)

Toronto Dominion Bank increased its stake in News Co. (NASDAQ:NWSA - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,832 shares of the company's stock after purchasing an additional 50,652 shares during the period. Toronto Dominion Bank's holdings in News were worth $5,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NWSA. Larson Financial Group LLC boosted its stake in News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock worth $29,000 after purchasing an additional 1,005 shares during the period. Optiver Holding B.V. acquired a new position in News in the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new position in News in the 4th quarter worth $36,000. R Squared Ltd acquired a new position in shares of News during the 4th quarter worth about $49,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after buying an additional 660 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on shares of News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Guggenheim restated a "buy" rating and set a $45.00 price objective on shares of News in a research note on Thursday, May 15th. StockNews.com upgraded shares of News from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $39.20.

News Trading Down 1.4%

Shares of NASDAQ:NWSA opened at $27.94 on Thursday. News Co. has a 52-week low of $23.38 and a 52-week high of $30.69. The company has a market capitalization of $15.82 billion, a P/E ratio of 38.27 and a beta of 1.30. The company has a 50-day simple moving average of $26.86 and a 200 day simple moving average of $27.89. 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 (NASDAQ:NWSA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a net margin of 4.22% and a return on equity of 5.31%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the business posted $0.13 earnings per share. The company's revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts forecast that News Co. will post 0.94 earnings per share for the current year.

News Company 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.

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