News Co. (NASDAQ:NWSA) Shares Purchased by Cwm LLC

Cwm LLC increased its position in News Co. (NASDAQ:NWSA) by 46.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,732 shares of the company’s stock after buying an additional 3,393 shares during the quarter. Cwm LLC’s holdings in News were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NWSA. US Bancorp DE grew its position in News by 2.4% in the first quarter. US Bancorp DE now owns 18,406 shares of the company’s stock worth $482,000 after buying an additional 424 shares during the last quarter. Empirical Finance LLC lifted its position in shares of News by 3.5% in the 1st quarter. Empirical Finance LLC now owns 13,898 shares of the company’s stock valued at $364,000 after acquiring an additional 465 shares in the last quarter. Fifth Third Bancorp boosted its stake in News by 3.7% in the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares during the period. Acadian Asset Management LLC grew its stake in News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of News by 9.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock valued at $175,000 after purchasing an additional 543 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

Shares of NWSA opened at $26.33 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a one year low of $20.11 and a one year high of $28.62. The company’s fifty day moving average price is $26.79 and its 200 day moving average price is $26.52. The company has a market capitalization of $15.01 billion, a PE ratio of 73.14 and a beta of 1.34.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. News had a return on equity of 4.51% and a net margin of 2.64%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, analysts expect that News Co. will post 0.85 earnings per share for the current year.

News Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.10 per share. This represents a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News’s dividend payout ratio is currently 55.56%.

Analyst Ratings Changes

A number of brokerages have commented on NWSA. Loop Capital boosted their target price on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $38.00.

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