Envestnet Asset Management Inc. Has $5.46 Million Holdings in News Co. (NASDAQ:NWS)

Envestnet Asset Management Inc. lifted its holdings in News Co. (NASDAQ:NWS) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,499 shares of the company’s stock after buying an additional 28,681 shares during the period. Envestnet Asset Management Inc.’s holdings in News were worth $5,462,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Dorsey Wright & Associates grew its stake in News by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 109,785 shares of the company’s stock valued at $3,341,000 after buying an additional 330 shares in the last quarter. iA Global Asset Management Inc. raised its position in News by 13.9% during the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company’s stock valued at $97,000 after purchasing an additional 390 shares in the last quarter. American Century Companies Inc. lifted its position in News by 1.5% in the 4th quarter. American Century Companies Inc. now owns 29,896 shares of the company’s stock worth $910,000 after buying an additional 429 shares during the last quarter. Stifel Financial Corp boosted its position in News by 1.8% during the third quarter. Stifel Financial Corp now owns 27,063 shares of the company’s stock valued at $756,000 after buying an additional 479 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after acquiring an additional 497 shares during the period. 14.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

News Trading Down 1.8 %

NWS opened at $29.45 on Tuesday. News Co. has a 52 week low of $23.99 and a 52 week high of $35.25. The stock has a market cap of $16.71 billion, a PE ratio of 40.34 and a beta of 1.26. The business has a 50 day moving average of $31.02 and a 200-day moving average of $30.84. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. Equities research analysts predict that News Co. will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

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

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