News Co. (NASDAQ:NWSA) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in News Co. (NASDAQ:NWSA) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,867 shares of the company’s stock after purchasing an additional 7,140 shares during the quarter. Cibc World Markets Corp owned about 0.05% of News worth $8,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ballentine Partners LLC lifted its holdings in shares of News by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after purchasing an additional 422 shares during the period. Principal Securities Inc. boosted its holdings in shares of News by 18.5% in the fourth 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 increased its stake in shares of 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 during the period. Smartleaf Asset Management LLC raised its holdings in News by 49.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock worth $55,000 after purchasing an additional 660 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its position in News by 1.2% in the third quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after purchasing an additional 730 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWSA has been the subject of a number of analyst reports. Citigroup assumed coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 target price for the company. StockNews.com raised News from a “hold” rating to a “buy” rating in a report on Monday, February 10th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. Loop Capital reduced their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Guggenheim upped their target price on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, News presently has a consensus rating of “Buy” and an average price target of $39.25.

News Stock Performance

NASDAQ:NWSA opened at $26.80 on Wednesday. The firm has a 50-day moving average price of $28.18 and a two-hundred day moving average price of $27.78. The company has a market capitalization of $15.21 billion, a P/E ratio of 36.71 and a beta of 1.34. News Co. has a twelve month low of $22.65 and a twelve 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 issued its quarterly earnings data 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 return on equity of 5.31% and a net margin of 4.22%. As a group, research analysts expect that News Co. will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, March 12th. News’s dividend payout ratio is presently 27.40%.

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.