News Co. (NASDAQ:NWS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in News Co. (NASDAQ:NWS) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 364,293 shares of the company’s stock after selling 132,633 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of News worth $11,085,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NWS. Vanguard Group Inc. increased its holdings in News by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company’s stock worth $198,867,000 after purchasing an additional 138,680 shares during the period. Bank of New York Mellon Corp increased its position in shares of News by 17.5% in the 4th quarter. Bank of New York Mellon Corp now owns 845,246 shares of the company’s stock valued at $25,721,000 after purchasing an additional 125,852 shares during the last quarter. Rhumbline Advisers lifted its position in shares of News by 3.7% during the 4th quarter. Rhumbline Advisers now owns 203,657 shares of the company’s stock worth $6,197,000 after purchasing an additional 7,238 shares during the last quarter. Principal Financial Group Inc. raised its stake in News by 1.9% in the third quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after buying an additional 2,609 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of News by 221.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 100,982 shares of the company’s stock valued at $3,080,000 after acquiring an additional 69,555 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

News Price Performance

Shares of NASDAQ NWS opened at $30.43 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The company has a market cap of $17.27 billion, a PE ratio of 41.69 and a beta of 1.26. The stock has a fifty day moving average price of $31.41 and a 200 day moving average price of $30.76. News Co. has a 1-year low of $23.99 and a 1-year high of $35.25.

News (NASDAQ:NWS) last released its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Sell-side analysts forecast that News Co. will post 1.03 EPS for the current year.

News Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s dividend payout ratio (DPR) is presently 27.40%.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday, January 31st.

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.