Seeds Investor LLC Sells 3,658 Shares of News Co. (NASDAQ:NWSA)

Seeds Investor LLC cut its holdings in News Co. (NASDAQ:NWSA) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,963 shares of the company’s stock after selling 3,658 shares during the quarter. Seeds Investor LLC’s holdings in News were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of News by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company’s stock valued at $1,403,227,000 after purchasing an additional 632,721 shares in the last quarter. Barclays PLC lifted its stake in News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after buying an additional 8,144,856 shares in the last quarter. Geode Capital Management LLC increased its position in shares of News by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company’s stock worth $270,798,000 after acquiring an additional 234,893 shares in the last quarter. Norges Bank acquired a new stake in shares of News during the fourth quarter worth $172,357,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of News by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,420,227 shares of the company’s stock valued at $121,733,000 after purchasing an additional 82,577 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

News Price Performance

NWSA stock opened at $26.19 on Monday. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 35.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The company has a 50 day simple moving average of $27.57 and a 200 day simple moving average of $27.73.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. Research analysts anticipate that News Co. will post 0.94 EPS for the current fiscal year.

News Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were paid a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. News’s payout ratio is 27.40%.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of analyst reports. Guggenheim raised their target price on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. UBS Group upgraded News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Loop Capital decreased their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Finally, Citigroup started coverage on shares of News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, News has a consensus rating of “Buy” and a consensus target price of $38.80.

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