Daiwa Securities Group Inc. Grows Holdings in News Co. (NASDAQ:NWS)

Daiwa Securities Group Inc. grew its holdings in News Co. (NASDAQ:NWS) by 147.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,755 shares of the company’s stock after purchasing an additional 4,028 shares during the period. Daiwa Securities Group Inc.’s holdings in News were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of News during the 3rd quarter worth $48,000. Hartford Investment Management Co. bought a new stake in News during the fourth quarter valued at about $201,000. Sherbrooke Park Advisers LLC bought a new stake in News during the third quarter valued at about $227,000. QRG Capital Management Inc. bought a new stake in News during the third quarter valued at about $251,000. Finally, Teza Capital Management LLC bought a new stake in News during the third quarter valued at about $263,000. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Price Performance

Shares of NWS stock opened at $24.96 on Friday. News Co. has a 1-year low of $16.49 and a 1-year high of $28.92. The stock’s 50-day moving average is $26.54 and its 200 day moving average is $24.86. The company has a market cap of $14.26 billion, a P/E ratio of 62.40 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share 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 for the quarter.

News Dividend Announcement

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