Raymond James Financial Services Advisors Inc. Takes $862,000 Position in News Co. (NASDAQ:NWS)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of News Co. (NASDAQ:NWS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,510 shares of the company’s stock, valued at approximately $862,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in News by 85.8% in the 3rd quarter. SG Americas Securities LLC now owns 95,402 shares of the company’s stock worth $1,991,000 after purchasing an additional 44,054 shares during the period. Hsbc Holdings PLC grew its position in News by 10.5% in the 3rd quarter. Hsbc Holdings PLC now owns 168,230 shares of the company’s stock worth $3,511,000 after purchasing an additional 15,949 shares during the period. Vanguard Group Inc. grew its position in News by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock worth $86,769,000 after purchasing an additional 66,564 shares during the period. Citigroup Inc. grew its position in News by 663.8% in the 3rd quarter. Citigroup Inc. now owns 163,839 shares of the company’s stock worth $3,419,000 after purchasing an additional 142,388 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in News by 3.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 52,932 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,713 shares during the period. 14.63% of the stock is owned by institutional investors.

News Trading Down 0.4 %

NASDAQ:NWS opened at $25.00 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. News Co. has a 12 month low of $16.49 and a 12 month high of $28.92. The company has a market cap of $14.28 billion, a PE ratio of 62.50 and a beta of 1.35. The company has a 50 day simple moving average of $26.87 and a two-hundred day simple moving average of $24.64.

News (NASDAQ:NWS) 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 business had revenue of $2.59 billion during the quarter.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 12th. News’s payout ratio is 50.00%.

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.