News Co. (NASDAQ:NWS) Stock Position Decreased by Amalgamated Bank

Amalgamated Bank cut its stake in shares of News Co. (NASDAQ:NWSGet Rating) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,011 shares of the company’s stock after selling 1,905 shares during the quarter. Amalgamated Bank’s holdings in News were worth $901,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NWS. Charles Schwab Investment Management Inc. grew its holdings in shares of News by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 855,460 shares of the company’s stock valued at $19,248,000 after buying an additional 27,946 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of News by 28.6% during the fourth quarter. Renaissance Technologies LLC now owns 241,714 shares of the company’s stock valued at $5,440,000 after buying an additional 53,783 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of News by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 2,506,202 shares of the company’s stock valued at $56,312,000 after buying an additional 175,493 shares in the last quarter. Invesco Ltd. grew its holdings in shares of News by 7.7% during the fourth quarter. Invesco Ltd. now owns 1,320,169 shares of the company’s stock valued at $29,704,000 after buying an additional 93,999 shares in the last quarter. Finally, Barclays PLC boosted its position in News by 10.5% during the fourth quarter. Barclays PLC now owns 229,759 shares of the company’s stock valued at $5,170,000 after purchasing an additional 21,847 shares during the last quarter. 11.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other News news, General Counsel David B. Pitofsky sold 82,028 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $18.73, for a total value of $1,536,384.44. Following the completion of the sale, the general counsel now owns 87,706 shares of the company’s stock, valued at $1,642,733.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut News from a “conviction-buy” rating to a “buy” rating in a research report on Sunday, July 10th.

News Price Performance

NWS opened at $15.32 on Friday. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 14.45 and a beta of 1.33. News Co. has a 1 year low of $15.17 and a 1 year high of $24.75. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $17.35 and a 200 day moving average price of $18.29.

News Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a yield of 1.1%. News’s payout ratio is 18.87%.

News Company Profile

(Get Rating)

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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