UniSuper Management Pty Ltd Has $475,000 Holdings in News Co. (NASDAQ:NWS)

UniSuper Management Pty Ltd increased its position in shares of News Co. (NASDAQ:NWS) by 56.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,619 shares of the company’s stock after buying an additional 5,656 shares during the period. UniSuper Management Pty Ltd’s holdings in News were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

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

News Stock Performance

NASDAQ:NWS opened at $30.37 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $32.01 and a 200 day simple moving average of $30.65. News Co. has a 1-year low of $23.99 and a 1-year high of $35.25. The stock has a market cap of $17.23 billion, a P/E ratio of 41.60 and a beta of 1.37.

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

News Dividend Announcement

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

Analysts Set New Price Targets

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

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.