News Co. (NASDAQ:NWS) Shares Sold by Cwm LLC

Cwm LLC lowered its position in News Co. (NASDAQ:NWS) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,387 shares of the company’s stock after selling 431 shares during the period. Cwm LLC’s holdings in News were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of News in the second quarter worth about $22,415,000. Metropolis Capital Ltd boosted its position in News by 13.2% in the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after purchasing an additional 98,172 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of News by 156.1% during the 1st quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock worth $4,236,000 after purchasing an additional 95,429 shares during the period. SG Americas Securities LLC increased its holdings in shares of News by 172.2% during the 2nd quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after purchasing an additional 74,968 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of News by 79.0% in the 2nd quarter. Millennium Management LLC now owns 149,036 shares of the company’s stock valued at $4,231,000 after purchasing an additional 65,774 shares during the period. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

Shares of NWS stock opened at $27.75 on Friday. The company has a market capitalization of $15.78 billion, a P/E ratio of 60.33 and a beta of 1.36. News Co. has a 12-month low of $20.85 and a 12-month high of $29.59. The business’s 50 day moving average is $27.97 and its two-hundred day moving average is $27.50. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32.

News (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $2.58 billion for the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

News Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th were paid a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News’s dividend payout ratio is presently 43.48%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a research report on Tuesday, September 10th.

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.