Raymond James Financial Services Advisors Inc. purchased a new stake in News Co. (NASDAQ:NWS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 33,510 shares of the company's stock, valued at approximately $862,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of NWS. JPMorgan Chase & Co. raised its position in shares of News by 22.9% in the 1st quarter. JPMorgan Chase & Co. now owns 85,378 shares of the company's stock valued at $1,924,000 after purchasing an additional 15,882 shares during the last quarter. American Century Companies Inc. raised its position in News by 10.7% during the 1st quarter. American Century Companies Inc. now owns 16,619 shares of the company's stock worth $374,000 after buying an additional 1,604 shares during the last quarter. PNC Financial Services Group Inc. raised its position in News by 8.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,854 shares of the company's stock worth $267,000 after buying an additional 902 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in News by 56.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 35,417 shares of the company's stock worth $798,000 after buying an additional 12,714 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in News by 63.3% during the 1st quarter. Acadian Asset Management LLC now owns 27,884 shares of the company's stock worth $626,000 after buying an additional 10,813 shares during the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.
News Stock Performance
NWS traded down $0.18 during trading on Tuesday, reaching $24.82. 531,159 shares of the company's stock were exchanged, compared to its average volume of 775,349. News Co. has a 1 year low of $16.49 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The stock has a market capitalization of $14.18 billion, a P/E ratio of 62.05 and a beta of 1.35. The company's fifty day simple moving average is $26.85 and its 200-day simple moving average is $24.67.
News (NASDAQ:NWS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%. The company had revenue of $2.59 billion during the quarter.
News Dividend Announcement
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 12th. News's dividend payout ratio (DPR) is 50.00%.
About News
(
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
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