Mutual of America Capital Management LLC Reduces Holdings in News Co. (NASDAQ:NWS)

Mutual of America Capital Management LLC lowered its stake in shares of News Co. (NASDAQ:NWS) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,369 shares of the company’s stock after selling 801 shares during the period. Mutual of America Capital Management LLC’s holdings in News were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baker Ellis Asset Management LLC boosted its stake in News by 2.1% during the fourth quarter. Baker Ellis Asset Management LLC now owns 24,500 shares of the company’s stock worth $630,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of News by 3.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 28,607 shares of the company’s stock valued at $597,000 after purchasing an additional 1,003 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of News by 3.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 52,932 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,713 shares during the last quarter. PAX Financial Group LLC lifted its stake in shares of News by 5.3% in the 3rd quarter. PAX Financial Group LLC now owns 36,315 shares of the company’s stock valued at $758,000 after purchasing an additional 1,818 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of News in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

Shares of News stock opened at $25.43 on Wednesday. News Co. has a 52 week low of $16.49 and a 52 week high of $28.92. The business’s fifty day simple moving average is $26.71 and its 200-day simple moving average is $24.79. The firm has a market cap of $14.52 billion, a PE ratio of 63.68 and a beta of 1.35. 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:NWS) last posted its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. News had a return on equity of 4.14% and a net margin of 2.29%. The firm had revenue of $2.59 billion for the quarter.

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were paid a dividend of $0.10 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 12th. News’s payout ratio is 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.