News Co. (NASDAQ:NWS) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in News Co. (NASDAQ:NWS) by 48.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,738 shares of the company’s stock after selling 46,664 shares during the period. SG Americas Securities LLC’s holdings in News were worth $1,254,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Glenmede Trust Co. NA bought a new position in News in the third quarter worth about $25,000. UBS Group AG raised its position in shares of News by 128.8% during the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after purchasing an additional 1,256 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of News in the 3rd quarter worth approximately $48,000. Captrust Financial Advisors boosted its position in News by 40.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after purchasing an additional 687 shares during the period. Finally, Bessemer Group Inc. increased its position in News by 109.1% in the second quarter. Bessemer Group Inc. now owns 2,585 shares of the company’s stock worth $51,000 after buying an additional 1,349 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Down 0.3 %

News stock opened at $27.06 on Friday. The company’s 50-day moving average price is $26.77 and its two-hundred day moving average price is $24.18. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 67.65 and a beta of 1.35. News Co. has a 52 week low of $16.49 and a 52 week high of $28.92.

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

News Announces Dividend

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

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