Strs Ohio Sells 23,480 Shares of News Co. (NASDAQ:NWS)

Strs Ohio trimmed its position in News Co. (NASDAQ:NWS) by 22.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,433 shares of the company’s stock after selling 23,480 shares during the period. Strs Ohio’s holdings in News were worth $2,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Glenmede Trust Co. NA acquired a new position in News during the 3rd quarter worth approximately $25,000. Captrust Financial Advisors grew its position in News by 40.6% in the second quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after purchasing an additional 687 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in News in the 3rd quarter valued at $48,000. UBS Group AG lifted its position in News by 128.8% during the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after buying an additional 1,256 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of News by 122.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,569 shares of the company’s stock worth $95,000 after buying an additional 2,512 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

News Price Performance

NASDAQ:NWS opened at $24.78 on Friday. The stock’s 50-day simple moving average is $26.75 and its 200 day simple moving average is $24.70. News Co. has a 52-week low of $16.49 and a 52-week high of $28.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. The company has a market cap of $14.15 billion, a P/E ratio of 61.95 and a beta of 1.35.

News (NASDAQ:NWS) last announced its quarterly earnings data 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 company had revenue of $2.59 billion for the quarter.

News Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were given a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 12th. News’s dividend payout ratio (DPR) is presently 50.00%.

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.