9,881 Shares in News Co. (NASDAQ:NWSA) Acquired by Greenleaf Trust

Greenleaf Trust acquired a new stake in News Co. (NASDAQ:NWSA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 9,881 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NWSA. Northern Trust Corp lifted its position in News by 43.9% in the 3rd quarter. Northern Trust Corp now owns 5,251,799 shares of the company’s stock valued at $105,351,000 after acquiring an additional 1,603,235 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in News in the 3rd quarter valued at approximately $28,513,000. Charles Schwab Investment Management Inc. lifted its position in News by 31.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,140,972 shares of the company’s stock valued at $83,068,000 after acquiring an additional 984,209 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in News by 321.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock valued at $23,171,000 after acquiring an additional 880,977 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in shares of News during the 3rd quarter valued at $10,301,000. 66.97% of the stock is owned by institutional investors.

News Trading Down 0.2 %

NASDAQ:NWSA opened at $24.56 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 61.40 and a beta of 1.33. News Co. has a one year low of $16.35 and a one year high of $28.00. The business has a fifty day moving average price of $25.74 and a 200-day moving average price of $23.86.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.56 billion. News had a return on equity of 4.14% and a net margin of 2.29%. News’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Sell-side analysts forecast that News Co. will post 0.71 EPS for the current year.

News Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NWSA. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Macquarie raised News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. Finally, TheStreet raised News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, News currently has a consensus rating of “Buy” and a consensus target price of $29.50.

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.