News Co. (NASDAQ:NWSA) Stock Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of News Co. (NASDAQ:NWSA) by 11.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 91,313 shares of the company’s stock after purchasing an additional 9,210 shares during the quarter. NewEdge Advisors LLC’s holdings in News were worth $2,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC grew its holdings in shares of News by 2,392.9% during the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock valued at $29,000 after purchasing an additional 1,005 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in News during the 4th quarter valued at approximately $36,000. R Squared Ltd bought a new position in News during the 4th quarter worth $49,000. Smartleaf Asset Management LLC lifted its stake in News by 49.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock valued at $55,000 after buying an additional 660 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of News during the third quarter valued at $85,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

NASDAQ:NWSA opened at $25.35 on Tuesday. News Co. has a 52-week low of $22.65 and a 52-week high of $30.69. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $27.19 and its 200 day moving average price is $27.71. The firm has a market cap of $14.38 billion, a P/E ratio of 34.73 and a beta of 1.24.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, sell-side analysts predict that News Co. will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. News’s dividend payout ratio (DPR) is 27.40%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWSA. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Seaport Res Ptn raised News to a “strong-buy” rating in a report on Friday, January 31st. UBS Group raised News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley reduced their price target on News from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Guggenheim raised their price target on News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $38.80.

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.