Raymond James & Associates Acquires 4,079 Shares of News Co. (NASDAQ:NWS)

Raymond James & Associates increased its holdings in News Co. (NASDAQ:NWS) by 31.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,239 shares of the company’s stock after purchasing an additional 4,079 shares during the period. Raymond James & Associates’ holdings in News were worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NWS. V Square Quantitative Management LLC purchased a new position in shares of News in the third quarter valued at $48,000. Sherbrooke Park Advisers LLC bought a new stake in News during the third quarter worth approximately $227,000. QRG Capital Management Inc. bought a new stake in shares of News in the 3rd quarter valued at approximately $251,000. Teza Capital Management LLC purchased a new position in shares of News in the 3rd quarter worth approximately $263,000. Finally, Jump Financial LLC bought a new position in shares of News during the 3rd quarter valued at approximately $269,000. 14.63% of the stock is currently owned by institutional investors.

News Stock Up 0.1 %

NASDAQ NWS opened at $24.96 on Friday. News Co. has a 52 week low of $16.49 and a 52 week high of $28.92. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 62.40 and a beta of 1.35. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $26.59 and a two-hundred day moving average of $24.83.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $2.59 billion for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is 50.00%.

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.