2 weeks Ago By Defense World Staff
Cerity Partners LLC cut its stake in News Co. ( NASDAQ:NWS – Free Report ) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 8,345 shares of the company’s stock after selling 2,746 shares during the quarter. Cerity Partners LLC’s holdings in News were worth $234,000 at the end of the most recent quarter. A number of other institutional investors have also modified their holdings of the company.
Envestnet Asset Management Inc. raised its holdings in shares of News by 19.0% in the fourth quarter.
Envestnet Asset Management Inc. now owns 179,499 shares of the company’s stock worth $5,462,000 after buying an additional 28,681 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in News during the fourth quarter worth $43,000.
Geode Capital Management LLC boosted its holdings in News by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company’s stock worth $86,799,000 after buying an additional 13,329 shares during the last quarter.
OLD Mission Capital LLC increased its position in shares of News by 146.8% during the fourth quarter. OLD Mission Capital LLC now owns 55,451 shares of the company’s stock worth $1,687,000 after purchasing an additional 32,984 shares in the last quarter.
Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of News by 16.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,043 shares of the company’s stock worth $153,000 after buying an additional 727 shares in the last quarter.
14.63% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a report on Friday, January 31st.
News Stock Performance Shares of NWS stock opened at $31.00 on Friday. The firm has a market cap of $17.
59 billion, a P/E ratio of 42.47 and a beta of 1.26.
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.
73. News Co. has a one year low of $23.
99 and a one year high of $35.25. The firm’s 50 day moving average price is $30.
85 and its 200-day moving average price is $30.84. News ( NASDAQ:NWS – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 5th.
The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.
01). News had a net margin of 4.22% and a return on equity of 5.
31%. As a group, equities research analysts predict that News Co. will post 1.
03 EPS for the current year. News Dividend Announcement The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.
10 per share. This represents a yield of 0.6%.
The ex-dividend date of this dividend was Wednesday, March 12th. News’s dividend payout ratio (DPR) is 27.40%.
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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. Featured Stories Five stocks we like better than News Election Stocks: How Elections Affect the Stock Market 2 Strong Utilities Plays With Booming Earnings and Room to Grow How to Choose Top Rated Stocks Why Smart Investors Don’t Panic in Election Season Upcoming IPO Stock Lockup Period, Explained Now Is the Time to Buy ServiceNow—The Rebound Is Real Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.
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