Kapitalo Investimentos Ltda Sells 11,156 Shares of News Co. (NASDAQ:NWSA)

Kapitalo Investimentos Ltda decreased its position in News Co. (NASDAQ:NWSA) by 46.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,665 shares of the company’s stock after selling 11,156 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in News were worth $349,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings 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 boosted its holdings in shares of News by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after buying an additional 422 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of News by 18.5% in the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock worth $92,000 after buying an additional 521 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company’s stock worth $345,000 after buying an additional 533 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of News by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 108,592 shares of the company’s stock worth $2,991,000 after buying an additional 611 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Trading Up 0.7 %

Shares of News stock opened at $27.12 on Wednesday. News Co. has a 12-month low of $22.65 and a 12-month high of $30.69. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 37.15 and a beta of 1.24. 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 company’s 50-day moving average price is $26.81 and its 200-day moving average price is $27.74.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that News Co. will post 0.94 earnings per share for the current fiscal 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 12th. News’s payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a report on Monday. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a report on Friday, January 31st. Finally, Guggenheim upped their price objective on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, News presently has a consensus rating of “Buy” and an average price target of $38.80.

About News

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.