News Co. (NASDAQ:NWSA) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in News Co. (NASDAQ:NWSA) by 2,365.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,252 shares of the company’s stock after purchasing an additional 22,309 shares during the period. International Assets Investment Management LLC’s holdings in News were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. Ronald Blue Trust Inc. lifted its holdings in News by 104.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,608 shares of the company’s stock valued at $31,000 after purchasing an additional 823 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in News in the 4th quarter valued at about $49,000. Blue Trust Inc. lifted its holdings in News by 65.1% in the 4th quarter. Blue Trust Inc. now owns 2,655 shares of the company’s stock valued at $65,000 after purchasing an additional 1,047 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in News by 70.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 5,869 shares of the company’s stock valued at $118,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Wahed Invest LLC lifted its holdings in News by 9.5% in the 3rd quarter. Wahed Invest LLC now owns 6,008 shares of the company’s stock valued at $121,000 after purchasing an additional 523 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NWSA shares. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Finally, TheStreet raised shares of News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, News currently has an average rating of “Buy” and an average price target of $29.50.

News Trading Down 0.2 %

NASDAQ NWSA opened at $24.56 on Thursday. The company has a 50-day moving average of $25.74 and a 200-day moving average of $23.86. The company has a market cap of $14.03 billion, a P/E ratio of 61.40 and a beta of 1.33. News Co. has a 12 month low of $16.35 and a 12 month high of $28.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33.

News (NASDAQ:NWSA) last posted its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, equities analysts predict that News Co. will post 0.71 earnings per share for the current year.

News Announces Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were given a dividend of $0.10 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 12th. News’s dividend payout ratio (DPR) is presently 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.