Optas LLC Buys Shares of 5,985 News Corporation $NWS

Optas LLC bought a new stake in News Corporation (NASDAQ:NWS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,985 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds have also recently bought and sold shares of NWS. SVB Wealth LLC bought a new position in News in the 1st quarter valued at about $27,000. First Horizon Advisors Inc. boosted its stake in shares of News by 3,546.2% in the 1st quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock valued at $29,000 after purchasing an additional 922 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of News by 75.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company’s stock valued at $29,000 after purchasing an additional 414 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of News by 150.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,925 shares of the company’s stock valued at $58,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of News by 20.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock valued at $97,000 after purchasing an additional 542 shares in the last quarter. 14.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of News in a research note on Wednesday. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

News Stock Down 1.4%

NASDAQ:NWS opened at $29.28 on Friday. The firm’s 50 day simple moving average is $33.24 and its 200 day simple moving average is $32.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. News Corporation has a one year low of $26.25 and a one year high of $35.58. The company has a market cap of $16.54 billion, a PE ratio of 14.08 and a beta of 1.17.

News (NASDAQ:NWS) last posted its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. News had a net margin of 13.21% and a return on equity of 5.66%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. On average, research analysts anticipate that News Corporation will post 1.03 earnings per share for the current year.

News Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 10th. This represents a yield of 63.0%. News’s dividend payout ratio (DPR) is currently 9.62%.

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.