News Co. (NASDAQ:NWS) Position Boosted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its stake in shares of News Co. (NASDAQ:NWSFree Report) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,932 shares of the company’s stock after purchasing an additional 1,713 shares during the period. Royal London Asset Management Ltd.’s holdings in News were worth $1,105,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NWS. JPMorgan Chase & Co. lifted its position in shares of News by 22.9% during the first quarter. JPMorgan Chase & Co. now owns 85,378 shares of the company’s stock worth $1,924,000 after purchasing an additional 15,882 shares during the last quarter. American Century Companies Inc. raised its stake in News by 10.7% during the first quarter. American Century Companies Inc. now owns 16,619 shares of the company’s stock worth $374,000 after acquiring an additional 1,604 shares during the period. PNC Financial Services Group Inc. raised its stake in News by 8.2% during the first quarter. PNC Financial Services Group Inc. now owns 11,854 shares of the company’s stock worth $267,000 after acquiring an additional 902 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in News by 56.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 35,417 shares of the company’s stock worth $798,000 after acquiring an additional 12,714 shares during the period. Finally, Acadian Asset Management LLC raised its stake in News by 63.3% during the first quarter. Acadian Asset Management LLC now owns 27,884 shares of the company’s stock worth $626,000 after acquiring an additional 10,813 shares during the period. Institutional investors own 13.46% of the company’s stock.

News Price Performance

NWS opened at $27.27 on Wednesday. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 68.18 and a beta of 1.35. News Co. has a fifty-two week low of $15.73 and a fifty-two week high of $28.92. The company’s 50-day moving average price is $26.33 and its 200 day moving average price is $23.74. 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 (NASDAQ:NWSGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $2.59 billion for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s payout ratio is currently 50.00%.

News Profile

(Free Report)

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.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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