16,783 Shares in News Co. (NASDAQ:NWS) Bought by Global Endowment Management LP

Global Endowment Management LP bought a new stake in News Co. (NASDAQ:NWS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,783 shares of the company’s stock, valued at approximately $511,000.

Several other institutional investors also recently made changes to their positions in NWS. Wilmington Savings Fund Society FSB lifted its stake in shares of News by 123.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after purchasing an additional 517 shares during the period. Smartleaf Asset Management LLC increased its holdings in News by 136.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock valued at $37,000 after buying an additional 702 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of News during the 4th quarter valued at approximately $43,000. Harvest Fund Management Co. Ltd boosted its stake in shares of News by 2,892.8% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock worth $61,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of News by 22.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock worth $82,000 after acquiring an additional 497 shares during the period. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research report on Friday, January 31st.

News Stock Performance

NASDAQ:NWS opened at $29.75 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $16.88 billion, a P/E ratio of 40.75 and a beta of 1.26. The firm has a 50-day moving average price of $31.36 and a two-hundred day moving average price of $30.76. News Co. has a twelve month low of $23.99 and a twelve month high of $35.25.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). 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 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th were paid a dividend of $0.10 per share. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 12th. News’s payout ratio is currently 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.