News Co. (NASDAQ:NWS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of News Co. (NASDAQ:NWS – Get Rating) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,117 shares of the company’s stock after selling 6,533 shares during the quarter. Principal Financial Group Inc.’s holdings in News were worth $2,621,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Royal London Asset Management Ltd. increased its position in shares of News by 8.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 28,217 shares of the company’s stock worth $521,000 after purchasing an additional 2,108 shares in the last quarter. Citigroup Inc. grew its holdings in News by 12.1% in the 4th quarter. Citigroup Inc. now owns 25,071 shares of the company’s stock valued at $462,000 after buying an additional 2,705 shares in the last quarter. UBS Group AG grew its holdings in shares of News by 197.6% during the 4th quarter. UBS Group AG now owns 3,869 shares of the company’s stock worth $71,000 after purchasing an additional 2,569 shares during the period. KCS Wealth Advisory grew its holdings in shares of News by 2.1% during the 4th quarter. KCS Wealth Advisory now owns 148,394 shares of the company’s stock worth $2,736,000 after purchasing an additional 3,062 shares during the period. Finally, US Asset Management LLC purchased a new position in shares of News during the 4th quarter worth $556,000. 11.38% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

NASDAQ NWS opened at $18.88 on Friday. The stock has a market cap of $10.83 billion, a PE ratio of 40.17 and a beta of 1.34. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. News Co. has a twelve month low of $15.15 and a twelve month high of $21.86. The stock has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $18.27.

News Company Profile

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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.