Livforsakringsbolaget Skandia Omsesidigt Acquires 1,583 Shares of News Co. (NASDAQ:NWSA)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of News Co. (NASDAQ:NWSA) by 120.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,897 shares of the company’s stock after purchasing an additional 1,583 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in News were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in shares of News during the 4th quarter worth about $30,000. Ronald Blue Trust Inc. increased its position in News by 104.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,608 shares of the company’s stock valued at $31,000 after acquiring an additional 823 shares in the last quarter. Bessemer Group Inc. increased its position in News by 50.5% in the 4th quarter. Bessemer Group Inc. now owns 2,313 shares of the company’s stock valued at $42,000 after acquiring an additional 776 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in News in the 1st quarter valued at about $48,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of News during the 4th quarter worth approximately $49,000. 66.97% of the stock is owned by institutional investors.

News Stock Performance

Shares of NWSA opened at $24.02 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. News Co. has a twelve month low of $16.35 and a twelve month high of $28.00. The firm’s 50 day moving average price is $25.79 and its two-hundred day moving average price is $23.74. The firm has a market cap of $13.72 billion, a P/E ratio of 60.05 and a beta of 1.33.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. News had a net margin of 2.29% and a return on equity of 4.14%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that News Co. will post 0.72 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Ratings Changes

NWSA has been the subject of several analyst reports. TheStreet upgraded shares of News from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Finally, Macquarie raised shares of News from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News presently has a consensus rating of “Buy” and an average target price of $29.50.

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