Dendur Capital LP Has $66.18 Million Holdings in News Co. (NASDAQ:NWSA)

Dendur Capital LP raised its position in shares of News Co. (NASDAQ:NWSA) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,403,000 shares of the company’s stock after purchasing an additional 292,000 shares during the quarter. News accounts for approximately 6.8% of Dendur Capital LP’s portfolio, making the stock its 4th biggest holding. Dendur Capital LP’s holdings in News were worth $66,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NWSA. Franklin Resources Inc. increased its holdings in News by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 21,962 shares of the company’s stock worth $605,000 after purchasing an additional 418 shares in the last quarter. Ballentine Partners LLC grew its position in shares of News by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after buying an additional 422 shares during the period. Principal Securities Inc. increased its stake in shares of News by 18.5% in the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after acquiring an additional 521 shares in the last quarter. Metis Global Partners LLC boosted its stake in News by 4.4% during the fourth quarter. Metis Global Partners LLC now owns 12,518 shares of the company’s stock worth $345,000 after acquiring an additional 533 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in News by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 108,592 shares of the company’s stock worth $2,991,000 after purchasing an additional 611 shares during the period. Institutional investors own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of News from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Guggenheim increased their price target on News from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a report on Monday, April 14th. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Citigroup started coverage on shares of News in a report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $38.80.

News Trading Up 3.3 %

Shares of News stock opened at $26.18 on Wednesday. The company has a market capitalization of $14.85 billion, a P/E ratio of 35.86 and a beta of 1.24. The stock has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $27.70. News Co. has a 12-month low of $22.65 and a 12-month high of $30.69. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA) last posted its 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%. On average, sell-side analysts anticipate that News Co. will post 0.94 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. News’s dividend payout ratio is currently 27.40%.

News 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.