Coldstream Capital Management Inc. Purchases 635 Shares of News Co. (NASDAQ:NWSA)

Coldstream Capital Management Inc. increased its position in shares of News Co. (NASDAQ:NWSA) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,833 shares of the company’s stock after purchasing an additional 635 shares during the quarter. Coldstream Capital Management Inc.’s holdings in News were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NWSA. Franklin Resources Inc. boosted its stake in shares of News by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company’s stock worth $605,000 after buying an additional 418 shares during the last quarter. Ballentine Partners LLC grew its stake in News by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock valued at $319,000 after purchasing an additional 422 shares during the period. Principal Securities Inc. increased its position in shares of News by 18.5% during the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after purchasing an additional 521 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of News by 4.4% during the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company’s stock worth $345,000 after purchasing an additional 533 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in News by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 108,592 shares of the company’s stock valued at $2,991,000 after buying an additional 611 shares during the period. 66.97% of the stock is owned by institutional investors.

News Stock Performance

NASDAQ:NWSA opened at $27.06 on Friday. News Co. has a 52-week low of $22.65 and a 52-week high of $30.69. The business’s fifty day moving average is $26.76 and its 200 day moving average is $27.74. 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 market cap of $15.35 billion, a price-to-earnings ratio of 37.07 and a beta of 1.24.

News (NASDAQ:NWSA) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. Research analysts predict that News Co. will post 0.94 EPS for the current year.

News Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. News’s payout ratio is currently 27.40%.

Analysts Set New Price Targets

NWSA has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Monday. Citigroup assumed coverage on News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday, January 31st. Finally, UBS Group upgraded News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $38.80.

News Company 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.