Xponance Inc. Lowers Stock Position in News Co. (NASDAQ:NWS)

Xponance Inc. lowered its position in News Co. (NASDAQ:NWS) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,776 shares of the company’s stock after selling 1,629 shares during the period. Xponance Inc.’s holdings in News were worth $586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in News by 147.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock worth $174,000 after buying an additional 4,028 shares during the last quarter. Beverly Hills Private Wealth LLC purchased a new stake in News during the fourth quarter worth about $597,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in News by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 43,012 shares of the company’s stock worth $1,106,000 after buying an additional 1,222 shares during the last quarter. Hartford Investment Management Co. bought a new position in News during the fourth quarter worth about $201,000. Finally, Baker Ellis Asset Management LLC boosted its position in News by 2.1% during the fourth quarter. Baker Ellis Asset Management LLC now owns 24,500 shares of the company’s stock worth $630,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Price Performance

Shares of NASDAQ:NWS opened at $24.96 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $14.26 billion, a PE ratio of 62.40 and a beta of 1.35. News Co. has a twelve month low of $16.49 and a twelve month high of $28.92. The company has a 50-day moving average price of $26.59 and a two-hundred day moving average price of $24.83.

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

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. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is currently 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.