Lindbrook Capital LLC Purchases 989 Shares of News Co. (NASDAQ:NWSA)

Lindbrook Capital LLC grew its position in shares of News Co. (NASDAQ:NWSA) by 153.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,635 shares of the company’s stock after buying an additional 989 shares during the quarter. Lindbrook Capital LLC’s holdings in News were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NWSA. Northern Trust Corp lifted its position in shares of News by 43.9% during the 3rd quarter. Northern Trust Corp now owns 5,251,799 shares of the company’s stock worth $105,351,000 after buying an additional 1,603,235 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of News during the 3rd quarter worth approximately $28,513,000. Charles Schwab Investment Management Inc. increased its stake in shares of News by 31.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,140,972 shares of the company’s stock worth $83,068,000 after purchasing an additional 984,209 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of News by 321.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock worth $23,171,000 after purchasing an additional 880,977 shares during the last quarter. Finally, Lido Advisors LLC purchased a new stake in shares of News during the 3rd quarter worth approximately $10,301,000. Institutional investors own 66.97% of the company’s stock.

News Stock Down 1.4 %

NWSA opened at $24.21 on Friday. The company has a fifty day moving average price of $25.71 and a 200-day moving average price of $23.86. The firm has a market capitalization of $13.83 billion, a P/E ratio of 60.53 and a beta of 1.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. News Co. has a one year low of $16.35 and a one year high of $28.00.

News (NASDAQ:NWSA) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Equities research analysts expect that News Co. will post 0.71 earnings per share for the current fiscal year.

News Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 12th. News’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on NWSA shares. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. Finally, TheStreet upgraded shares of News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $29.50.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.