News Co. (NASDAQ:NWS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of News Co. (NASDAQ:NWS) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 708,714 shares of the company’s stock after selling 36,810 shares during the period. Bank of New York Mellon Corp owned 0.12% of News worth $12,353,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NWS. Nisa Investment Advisors LLC grew its holdings in shares of News by 202.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,610 shares of the company’s stock worth $28,000 after purchasing an additional 1,078 shares during the period. Captrust Financial Advisors increased its position 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 acquiring an additional 687 shares in the last quarter. UBS Group AG raised its stake in shares of News by 128.8% in the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after acquiring an additional 1,256 shares during the period. CWM LLC lifted its holdings in shares of News by 18.6% during the 1st quarter. CWM LLC now owns 4,530 shares of the company’s stock valued at $79,000 after acquiring an additional 711 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in News by 27.2% during the 1st quarter. Fifth Third Bancorp now owns 6,237 shares of the company’s stock worth $109,000 after purchasing an additional 1,335 shares during the period. Hedge funds and other institutional investors own 13.46% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Marygrace Degrazio sold 9,754 shares of News stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $21.08, for a total transaction of $205,614.32. Following the sale, the chief accounting officer now directly owns 21,722 shares of the company’s stock, valued at $457,899.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Marygrace Degrazio sold 9,754 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $21.08, for a total transaction of $205,614.32. Following the completion of the sale, the chief accounting officer now owns 21,722 shares of the company’s stock, valued at $457,899.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel David B. Pitofsky sold 58,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $20.98, for a total transaction of $1,216,840.00. Following the completion of the sale, the general counsel now directly owns 83,291 shares in the company, valued at $1,747,445.18. The disclosure for this sale can be found here. Insiders have sold 251,966 shares of company stock worth $5,285,380 in the last quarter. 13.68% of the stock is owned by corporate insiders.

News Trading Up 0.6 %

NASDAQ:NWS opened at $22.00 on Friday. The business’s 50-day moving average is $20.44 and its two-hundred day moving average is $18.73. The firm has a market capitalization of $12.57 billion, a PE ratio of 81.48 and a beta of 1.35. News Co. has a 12 month low of $15.15 and a 12 month high of $22.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.28 and a quick ratio of 1.18.

News (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.14 EPS for the quarter. The firm had revenue of $2.43 billion for the quarter. News had a return on equity of 3.17% and a net margin of 1.51%.

News Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 11th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.10 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 12th. News’s dividend payout ratio (DPR) is 74.07%.

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