News Co. (NASDAQ:NWSA) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda cut its holdings in shares of News Co. (NASDAQ:NWSA - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,665 shares of the company's stock after selling 11,156 shares during the period. Kapitalo Investimentos Ltda's holdings in News were worth $349,000 as of its most recent SEC filing.

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

News Stock Performance

Shares of NASDAQ:NWSA traded up $0.52 during trading on Friday, hitting $27.58. The stock had a trading volume of 1,938,620 shares, compared to its average volume of 2,817,317. 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 12-month low of $22.65 and a 12-month high of $30.69. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 37.78 and a beta of 1.30. The stock has a 50-day simple moving average of $26.74 and a two-hundred day simple moving average of $27.75.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. On average, equities research analysts expect that News Co. will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, March 12th. News's dividend payout ratio is currently 27.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NWSA shares. Guggenheim increased their target price on shares of News from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Morgan Stanley lowered their price objective on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. StockNews.com upgraded News from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. Finally, UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $38.80.

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.