50,396 Shares in News Co. (NASDAQ:NWSA) Acquired by Groupama Asset Managment

Groupama Asset Managment acquired a new stake in shares of News Co. (NASDAQ:NWSA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 50,396 shares of the company’s stock, valued at approximately $1,385,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in News in the 3rd quarter valued at $358,000. FMR LLC increased its holdings in shares of News by 381.5% in the third quarter. FMR LLC now owns 192,936 shares of the company’s stock worth $5,138,000 after purchasing an additional 152,864 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of News by 9.4% in the third quarter. Public Sector Pension Investment Board now owns 16,371 shares of the company’s stock worth $436,000 after buying an additional 1,400 shares in the last quarter. Centiva Capital LP bought a new position in News during the third quarter valued at approximately $225,000. Finally, Janus Henderson Group PLC grew its holdings in News by 23.3% during the 3rd quarter. Janus Henderson Group PLC now owns 52,839 shares of the company’s stock valued at $1,407,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NWSA has been the subject of a number of research reports. Citigroup assumed coverage on News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 target price for the company. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 4th. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday, January 31st. Guggenheim increased their price target on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Loop Capital reduced their price objective on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $39.25.

News Price Performance

News stock opened at $27.06 on Thursday. The firm has a market capitalization of $15.35 billion, a PE ratio of 37.07 and a beta of 1.34. News Co. has a 12-month low of $22.65 and a 12-month high of $30.69. The firm has a 50-day moving average price of $28.10 and a 200-day moving average price of $27.81. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

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

News Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. News’s payout ratio is 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.