News Co. (NASDAQ:NWS) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in News Co. (NASDAQ:NWSFree Report) by 48.9% during the fourth quarter, reports. The firm owned 48,738 shares of the company’s stock after selling 46,664 shares during the period. SG Americas Securities LLC’s holdings in News were worth $1,254,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Glenmede Trust Co. NA bought a new position in News in the third quarter worth about $25,000. UBS Group AG raised its position in shares of News by 128.8% during the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after purchasing an additional 1,256 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of News in the 3rd quarter worth approximately $48,000. Captrust Financial Advisors boosted its position in News by 40.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after purchasing an additional 687 shares during the period. Finally, Bessemer Group Inc. increased its position in News by 109.1% in the second quarter. Bessemer Group Inc. now owns 2,585 shares of the company’s stock worth $51,000 after buying an additional 1,349 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Down 0.3 %

News stock opened at $27.06 on Friday. The company’s 50-day moving average price is $26.77 and its two-hundred day moving average price is $24.18. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 67.65 and a beta of 1.35. News Co. has a 52 week low of $16.49 and a 52 week high of $28.92.

News (NASDAQ:NWSGet Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%. The company had revenue of $2.59 billion during the quarter.

News Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.10 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 12th. News’s dividend payout ratio is currently 50.00%.

About News

(Free Report)

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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