News Co. (NASDAQ:NWSA) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its position in shares of News Co. (NASDAQ:NWSA) by 38.3% in the third quarter, HoldingsChannel.com reports. The firm owned 152,180 shares of the company’s stock after buying an additional 42,125 shares during the period. Toronto Dominion Bank’s holdings in News were worth $4,053,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in News during the second quarter valued at about $26,000. Acadian Asset Management LLC raised its position in shares of News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of News during the 3rd quarter worth approximately $39,000. Innealta Capital LLC acquired a new stake in shares of News during the 2nd quarter valued at about $46,000. Finally, Family Firm Inc. bought a new stake in News in the second quarter valued at $73,000. 66.97% of the stock is owned by institutional investors and hedge funds.

News Price Performance

Shares of NASDAQ NWSA opened at $28.61 on Monday. The firm has a market capitalization of $16.27 billion, a P/E ratio of 46.15 and a beta of 1.35. News Co. has a 1-year low of $22.65 and a 1-year high of $30.03. The firm’s 50-day moving average price is $28.00 and its 200-day moving average price is $27.47. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Guggenheim raised their price objective on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Loop Capital increased their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $40.33.

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.