Wilmington Savings Fund Society FSB Purchases 15,184 Shares of News Co. (NASDAQ:NWSA)

Wilmington Savings Fund Society FSB boosted its holdings in News Co. (NASDAQ:NWSA) by 477.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,364 shares of the company’s stock after purchasing an additional 15,184 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in News were worth $506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of News during the 3rd quarter worth $39,000. R Squared Ltd bought a new position in News in the 4th quarter valued at about $49,000. ORG Wealth Partners LLC bought a new position in News in the 3rd quarter valued at about $79,000. Exchange Traded Concepts LLC increased its holdings in News by 1,419.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after buying an additional 4,713 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in News in the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Up 0.9 %

Shares of NASDAQ NWSA opened at $29.45 on Wednesday. The company has a 50 day simple moving average of $28.16 and a 200 day simple moving average of $27.61. The firm has a market cap of $16.75 billion, a PE ratio of 40.34 and a beta of 1.35. News Co. has a 1 year low of $22.65 and a 1 year high of $30.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.26.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. On average, research analysts forecast that News Co. will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s dividend payout ratio is currently 27.40%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Monday. Loop Capital dropped their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Guggenheim upped their price objective on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research note on Friday, January 31st. Finally, UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.25.

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