abrdn plc Purchases 20,115 Shares of News Co. (NASDAQ:NWS)

abrdn plc boosted its position in News Co. (NASDAQ:NWS) by 74.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,278 shares of the company’s stock after buying an additional 20,115 shares during the quarter. abrdn plc’s holdings in News were worth $1,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in shares of News by 49,135.5% in the 3rd quarter. UBS Group AG now owns 614,951 shares of the company’s stock valued at $12,834,000 after purchasing an additional 613,702 shares during the last quarter. ING Groep NV boosted its stake in News by 3,420.1% in the third quarter. ING Groep NV now owns 590,501 shares of the company’s stock valued at $12,324,000 after acquiring an additional 573,726 shares during the last quarter. Barclays PLC grew its holdings in News by 85.3% during the 3rd quarter. Barclays PLC now owns 508,722 shares of the company’s stock worth $10,616,000 after acquiring an additional 234,113 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of News during the 3rd quarter valued at $3,569,000. Finally, Bank of Nova Scotia lifted its stake in shares of News by 138.1% in the 3rd quarter. Bank of Nova Scotia now owns 257,614 shares of the company’s stock valued at $5,376,000 after purchasing an additional 149,408 shares during the period. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 0.1 %

Shares of News stock opened at $24.99 on Tuesday. The business has a fifty day simple moving average of $26.49 and a 200 day simple moving average of $24.92. The stock has a market cap of $14.27 billion, a PE ratio of 62.48 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. News Co. has a 12 month low of $16.49 and a 12 month high of $28.92.

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

News Dividend Announcement

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