News Co. (NASDAQ:NWSA) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its holdings in shares of News Co. (NASDAQ:NWSA) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,314 shares of the company’s stock after buying an additional 2,172 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in News were worth $866,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wedmont Private Capital raised its position in News by 3.9% during the fourth quarter. Wedmont Private Capital now owns 12,873 shares of the company’s stock worth $317,000 after acquiring an additional 486 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of News by 9.5% during the third quarter. Wahed Invest LLC now owns 6,008 shares of the company’s stock worth $121,000 after buying an additional 523 shares in the last quarter. Toroso Investments LLC grew its holdings in shares of News by 2.0% during the first quarter. Toroso Investments LLC now owns 28,151 shares of the company’s stock worth $486,000 after buying an additional 542 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of News by 4.0% during the second quarter. Captrust Financial Advisors now owns 14,183 shares of the company’s stock worth $277,000 after buying an additional 544 shares in the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of News by 0.5% during the fourth quarter. DNB Asset Management AS now owns 131,605 shares of the company’s stock worth $3,231,000 after buying an additional 596 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

News stock opened at $24.36 on Monday. News Co. has a 1 year low of $16.35 and a 1 year high of $28.00. The firm has a 50 day moving average price of $25.88 and a 200 day moving average price of $23.64. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 60.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44.

News (NASDAQ:NWSA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. 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, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. News’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts predict that News Co. will post 0.72 earnings per share for the current year.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a yield of 0.8%. News’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on NWSA. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Friday, January 19th. TheStreet upgraded shares of News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $29.50.

News Company 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.