Dynamic Technology Lab Private Ltd Has $345,000 Stake in News Co. (NASDAQ:NWSA)

Dynamic Technology Lab Private Ltd decreased its holdings in News Co. (NASDAQ:NWSA) by 20.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,538 shares of the company’s stock after selling 3,300 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in News were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after purchasing an additional 8,144,856 shares in the last quarter. JPMorgan Chase & Co. raised its stake in News by 30.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,458,869 shares of the company’s stock worth $38,850,000 after purchasing an additional 338,958 shares in the last quarter. FMR LLC raised its stake in News by 381.5% in the 3rd quarter. FMR LLC now owns 192,936 shares of the company’s stock worth $5,138,000 after purchasing an additional 152,864 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in News in the 4th quarter worth about $374,000. Finally, Principal Financial Group Inc. raised its position in shares of News by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock valued at $11,594,000 after buying an additional 12,345 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

NWSA stock opened at $26.18 on Thursday. The company has a 50 day simple moving average of $27.66 and a 200 day simple moving average of $27.73. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 35.86 and a beta of 1.24. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

News (NASDAQ:NWSA) last posted its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. Research analysts anticipate that News Co. will post 0.94 EPS for the current fiscal year.

News Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on NWSA shares. Guggenheim boosted their target price on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Citigroup started coverage on shares of News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price for the company. Finally, UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $39.25.

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.