News Co. (NASDAQ:NWS) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its position in shares of News Co. (NASDAQ:NWS – Get Rating) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,730 shares of the company’s stock after selling 694 shares during the period. MetLife Investment Management LLC’s holdings in News were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NWS. Federated Hermes Inc. increased its stake in shares of News by 415.4% in the second quarter. Federated Hermes Inc. now owns 1,572 shares of the company’s stock worth $25,000 after buying an additional 1,267 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of News by 40.6% in the second quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock worth $38,000 after buying an additional 687 shares during the last quarter. UBS Group AG increased its stake in shares of News by 128.8% in the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after buying an additional 1,256 shares during the last quarter. Allworth Financial LP bought a new stake in shares of News in the third quarter worth $53,000. Finally, CWM LLC increased its stake in News by 77.8% during the third quarter. CWM LLC now owns 3,844 shares of the company’s stock valued at $59,000 after purchasing an additional 1,682 shares during the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

News Stock Up 1.7 %

NWS stock opened at $17.39 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.28 and a quick ratio of 1.17. News Co. has a 1-year low of $15.15 and a 1-year high of $23.37. The firm has a fifty day moving average price of $19.33 and a two-hundred day moving average price of $18.08. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 33.44 and a beta of 1.34.

News Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 14th. This represents a yield of 1.1%. News’s payout ratio is 38.46%.

About News

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News Corp. is a media and information services company, which engages in the creation and distribution of content and other services. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment refers to the firm’s interest in the REA Group, a company with operations focused on property and property-related advertising and services, as well as financial services.