Toronto Dominion Bank Sells 3,482 Shares of News Co. (NASDAQ:NWS)

Toronto Dominion Bank decreased its stake in shares of News Co. (NASDAQ:NWS) by 7.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 41,326 shares of the company’s stock after selling 3,482 shares during the period. Toronto Dominion Bank’s holdings in News were worth $1,155,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of News by 253.3% during the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares in the last quarter. ORG Wealth Partners LLC bought a new position in News during the 3rd quarter worth about $80,000. Point72 DIFC Ltd purchased a new position in News during the 3rd quarter valued at about $86,000. International Assets Investment Management LLC purchased a new stake in shares of News in the 2nd quarter worth approximately $97,000. Finally, Glenmede Trust Co. NA boosted its stake in shares of News by 27.7% during the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after purchasing an additional 763 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Loop Capital upgraded News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Price Performance

Shares of NWS stock opened at $31.35 on Tuesday. The stock’s 50-day moving average is $30.34 and its 200 day moving average is $28.92. News Co. has a 1-year low of $23.99 and a 1-year high of $32.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. The company has a market cap of $17.83 billion, a P/E ratio of 50.56 and a beta of 1.38.

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.