News Co. (NASDAQ:NWS) Position Lessened by Invesco Ltd.

Invesco Ltd. cut its stake in News Co. (NASDAQ:NWS) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,569,349 shares of the company’s stock after selling 38,346 shares during the period. Invesco Ltd.’s holdings in News were worth $47,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dorsey Wright & Associates increased its holdings in shares of News by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 109,785 shares of the company’s stock worth $3,341,000 after acquiring an additional 330 shares during the period. iA Global Asset Management Inc. grew its position in News by 13.9% in the 4th quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company’s stock valued at $97,000 after buying an additional 390 shares in the last quarter. American Century Companies Inc. increased its stake in News by 1.5% during the 4th quarter. American Century Companies Inc. now owns 29,896 shares of the company’s stock valued at $910,000 after buying an additional 429 shares during the period. Stifel Financial Corp raised its position in shares of News by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 27,063 shares of the company’s stock worth $756,000 after buying an additional 479 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of News by 22.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after acquiring an additional 497 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Stock Up 0.3 %

NASDAQ NWS opened at $30.52 on Wednesday. The company has a market capitalization of $17.32 billion, a P/E ratio of 41.81 and a beta of 1.26. News Co. has a 12 month low of $23.99 and a 12 month high of $35.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The company’s 50 day simple moving average is $31.41 and its 200 day simple moving average is $30.76.

News (NASDAQ:NWS) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) 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%. Equities research analysts expect that News Co. will post 1.03 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s dividend payout ratio is currently 27.40%.

Analyst Ratings Changes

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

News 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.