Lido Advisors LLC lessened its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 273,162 shares of the company's stock after selling 14,488 shares during the period. Lido Advisors LLC's holdings in News were worth $7,523,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in News by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock valued at $605,000 after buying an additional 418 shares in the last quarter. Ballentine Partners LLC boosted its position in News by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company's stock valued at $319,000 after buying an additional 422 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock worth $92,000 after buying an additional 521 shares in the last quarter. Metis Global Partners LLC boosted its holdings in shares of News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company's stock worth $345,000 after acquiring an additional 533 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in News by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 108,592 shares of the company's stock valued at $2,991,000 after purchasing an additional 611 shares during the last quarter. Institutional investors own 66.97% of the company's stock.
News Trading Up 1.9 %
Shares of NWSA stock traded up $0.52 on Friday, reaching $27.58. The company had a trading volume of 1,938,620 shares, compared to its average volume of 2,817,317. The company has a 50-day moving average of $26.74 and a 200-day moving average of $27.75. News Co. has a 12 month low of $22.65 and a 12 month high of $30.69. The stock has a market cap of $15.65 billion, a PE ratio of 37.78 and a beta of 1.30. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.
News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share 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 analysts forecast that News Co. will post 0.94 earnings per share for the current year.
News Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, March 12th. News's dividend payout ratio is currently 27.40%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Citigroup began coverage on News in a report on Friday, January 10th. They issued a "buy" rating and a $36.00 price target for the company. Guggenheim upped their target price on shares of News from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised News to a "strong-buy" rating in a report on Friday, January 31st. StockNews.com upgraded News from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Morgan Stanley decreased their price target on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Seven 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 company has a consensus rating of "Buy" and an average target price of $38.80.
Check Out Our Latest Stock Report on NWSA
About News
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Free Report)
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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