Highland Capital Management LLC Buys 3,590 Shares of News Co. (NASDAQ:NWS)

Highland Capital Management LLC grew its stake in News Co. (NASDAQ:NWS) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,197 shares of the company’s stock after purchasing an additional 3,590 shares during the period. Highland Capital Management LLC’s holdings in News were worth $854,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Glenmede Trust Co. NA purchased a new stake in shares of News in the third quarter worth approximately $25,000. Captrust Financial Advisors raised its holdings in shares of News by 40.6% in the second quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock worth $38,000 after buying an additional 687 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of News in the third quarter worth approximately $48,000. UBS Group AG raised its holdings in shares of News by 128.8% in the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after buying an additional 1,256 shares during the period. Finally, Bessemer Group Inc. increased its holdings in News by 109.1% during the 2nd quarter. Bessemer Group Inc. now owns 2,585 shares of the company’s stock worth $51,000 after purchasing an additional 1,349 shares during the period. 14.63% of the stock is owned by institutional investors.

News Trading Up 0.9 %

NWS opened at $27.13 on Thursday. The stock’s fifty day moving average is $26.68 and its two-hundred day moving average is $24.12. The company has a market capitalization of $15.49 billion, a P/E ratio of 67.83 and a beta of 1.35. News Co. has a 52 week low of $16.46 and a 52 week high of $28.92. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

News (NASDAQ:NWS) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. News had a return on equity of 4.14% and a net margin of 2.29%. The business had revenue of $2.59 billion for the quarter.

News Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 12th. This represents a yield of 0.7%. News’s dividend payout ratio is currently 50.00%.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.