News Co. (NASDAQ:NWSA) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in News Co. (NASDAQ:NWSA) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,205 shares of the company’s stock after purchasing an additional 8,847 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $2,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NWSA. Larson Financial Group LLC boosted its holdings in News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock worth $29,000 after buying an additional 1,005 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of News in the third quarter worth approximately $39,000. R Squared Ltd purchased a new stake in shares of News during the fourth quarter worth approximately $49,000. Smartleaf Asset Management LLC raised its stake in News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock valued at $55,000 after purchasing an additional 660 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in News in the 3rd quarter valued at $85,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of recent research reports. Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Guggenheim increased 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. UBS Group raised News from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 4th. Citigroup initiated coverage on shares of News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $39.25.

News Stock Up 1.0 %

Shares of NWSA opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The stock has a market capitalization of $15.49 billion, a PE ratio of 37.40 and a beta of 1.34. The company’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $27.78. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS 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%. Analysts forecast that News Co. will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s payout ratio is presently 27.40%.

About News

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.