News Co. (NASDAQ:NWS) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC raised its holdings in News Co. (NASDAQ:NWS) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,197 shares of the company’s stock after buying an additional 3,590 shares during the period. Highland Capital Management LLC’s holdings in News were worth $854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. raised its stake in News by 3.6% in the third quarter. BlackRock Inc. now owns 6,775,740 shares of the company’s stock valued at $104,482,000 after buying an additional 232,325 shares in the last quarter. Vanguard Group Inc. raised its stake in News by 2.2% in the third quarter. Vanguard Group Inc. now owns 5,283,045 shares of the company’s stock valued at $81,465,000 after buying an additional 114,591 shares in the last quarter. State Street Corp raised its stake in News by 6.4% in the second quarter. State Street Corp now owns 4,895,707 shares of the company’s stock valued at $96,543,000 after buying an additional 292,914 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in News by 2,544.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,742,576 shares of the company’s stock valued at $82,664,000 after buying an additional 4,563,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of News by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 3,453,568 shares of the company’s stock worth $60,190,000 after purchasing an additional 40,712 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 0.9 %

NWS opened at $27.13 on Thursday. The business’s 50-day simple moving average is $26.68 and its 200-day simple moving average is $24.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. News Co. has a one year low of $16.46 and a one year high of $28.92. The stock has a market capitalization of $15.49 billion, a P/E ratio of 67.83 and a beta of 1.35.

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

News Dividend Announcement

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

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