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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in News Co. (NASDAQ:NWS) by 43.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,807 shares of the company’s stock after selling 10,629 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $420,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB lifted its holdings in News by 123.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after acquiring an additional 517 shares during the last quarter. Smartleaf Asset Management LLC raised its position in News by 136.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock valued at $37,000 after purchasing an additional 702 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of News by 2,892.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock valued at $61,000 after purchasing an additional 1,996 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock worth $82,000 after purchasing an additional 497 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in News in the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

Separately, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st.

News Stock Down 1.7 %

News stock opened at $30.26 on Friday. 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 firm has a 50 day moving average price of $32.03 and a 200 day moving average price of $30.57. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $35.25. The company has a market capitalization of $17.17 billion, a PE ratio of 41.45 and a beta of 1.37.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. Research analysts expect that News Co. will post 1.03 earnings per share for the current year.

News Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be issued a $0.10 dividend. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s dividend payout ratio (DPR) is currently 27.40%.

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.