Strs Ohio Sells 23,480 Shares of News Co. (NASDAQ:NWS)

Strs Ohio decreased its stake in News Co. (NASDAQ:NWS) by 22.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,433 shares of the company’s stock after selling 23,480 shares during the period. Strs Ohio’s holdings in News were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in News by 2,544.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,742,576 shares of the company’s stock worth $82,664,000 after acquiring an additional 4,563,248 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of News by 98,078.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,237,053 shares of the company’s stock worth $22,811,000 after buying an additional 1,235,793 shares in the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of News during the 4th quarter worth approximately $20,834,000. Norges Bank bought a new stake in shares of News in the 4th quarter valued at $14,232,000. Finally, UBS Group AG lifted its position in shares of News by 49,135.5% during the 3rd quarter. UBS Group AG now owns 614,951 shares of the company’s stock valued at $12,834,000 after acquiring an additional 613,702 shares during the period. 14.63% of the stock is currently owned by institutional investors.

News Trading Down 0.1 %

NASDAQ:NWS opened at $24.78 on Friday. The firm has a fifty day simple moving average of $26.75 and a two-hundred day simple moving average of $24.70. News Co. has a 12 month low of $16.49 and a 12 month high of $28.92. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 61.95 and a beta of 1.35. 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 (NASDAQ:NWS) last issued its earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. News had a return on equity of 4.14% and a net margin of 2.29%. The company had revenue of $2.59 billion during the quarter.

News Dividend Announcement

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

About News

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.