News Co. (NASDAQ:NWSA) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of News Co. (NASDAQ:NWSA) by 2.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 435,388 shares of the company’s stock after acquiring an additional 12,345 shares during the period. Principal Financial Group Inc. owned approximately 0.08% of News worth $11,594,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NWSA. Seelaus Asset Management LLC lifted its position in shares of News by 3.8% during the 3rd quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its position in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares during the period. GAMMA Investing LLC lifted its holdings in News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after purchasing an additional 543 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after purchasing an additional 730 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of News by 1.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,955 shares of the company’s stock worth $1,117,000 after purchasing an additional 774 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NASDAQ NWSA opened at $27.79 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The company has a market cap of $15.80 billion, a P/E ratio of 44.82 and a beta of 1.35. The stock has a 50-day moving average of $28.38 and a two-hundred day moving average of $27.52. News Co. has a 1-year low of $22.65 and a 1-year high of $30.03.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NWSA shares. Loop Capital lowered their price objective on News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Guggenheim increased their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, News presently has a consensus rating of “Buy” and a consensus price target of $39.33.

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.