News Co. (NASDAQ:NWSA) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 33.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,832 shares of the company's stock after acquiring an additional 50,652 shares during the quarter. Toronto Dominion Bank's holdings in News were worth $5,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC boosted its position in News by 2,392.9% during the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after acquiring an additional 1,005 shares in the last quarter. Optiver Holding B.V. bought a new stake in News during the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in News during the 4th quarter valued at $36,000. R Squared Ltd bought a new stake in News during the 4th quarter valued at $49,000. Finally, Smartleaf Asset Management LLC boosted its position in News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 66.97% of the company's stock.

Analyst Ratings Changes

NWSA has been the subject of several analyst reports. Morgan Stanley decreased their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Seaport Res Ptn upgraded News to a "strong-buy" rating in a report on Friday, January 31st. Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a report on Friday. Guggenheim reiterated a "buy" rating and set a $45.00 price objective on shares of News in a report on Thursday, May 15th. Finally, UBS Group upgraded News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $39.20.

News Stock Performance

NWSA stock traded down $0.35 during midday trading on Friday, reaching $28.05. The stock had a trading volume of 6,253,648 shares, compared to its average volume of 2,836,920. The stock has a market cap of $15.88 billion, a PE ratio of 38.43 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The firm has a fifty day simple moving average of $26.99 and a two-hundred day simple moving average of $27.85. News Co. has a 52-week low of $23.38 and a 52-week high of $30.69.

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 analysts' consensus estimates of $0.19 by ($0.02). The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. The business's revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. As a group, equities research analysts anticipate that News Co. will post 0.94 EPS for the current year.

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.