Mirabella Financial Services LLP Lowers Stock Holdings in News Co. (NASDAQ:NWSA)

Mirabella Financial Services LLP lessened its position in News Co. (NASDAQ:NWSA) by 96.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,470 shares of the company’s stock after selling 1,681,191 shares during the quarter. Mirabella Financial Services LLP’s holdings in News were worth $1,776,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of News by 2,392.9% during the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock worth $29,000 after buying an additional 1,005 shares during the period. Lee Danner & Bass Inc. purchased a new stake in shares of News in the 4th quarter valued at approximately $36,000. R Squared Ltd acquired a new stake in shares of News in the 4th quarter valued at $49,000. Smartleaf Asset Management LLC lifted its position in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock worth $55,000 after purchasing an additional 660 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in News in the third quarter valued at $85,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

NWSA stock opened at $25.86 on Monday. 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 $14.67 billion, a P/E ratio of 35.43 and a beta of 1.24. The business has a 50 day simple moving average of $27.27 and a 200-day simple moving average of $27.72. News Co. has a twelve month low of $22.65 and a twelve month high of $30.69.

News (NASDAQ:NWSA) last issued its quarterly 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%. As a group, equities analysts anticipate that News Co. will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Wednesday, March 12th. News’s dividend payout ratio (DPR) is presently 27.40%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NWSA shares. Morgan Stanley decreased their price target on News from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Guggenheim upped their price target on News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a report on Friday, January 31st. Loop Capital lowered their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $38.80.

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.