News Co. (NASDAQ:NWSA) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG reduced its stake in News Co. (NASDAQ:NWSA) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,084 shares of the company’s stock after selling 3,699 shares during the period. J. Safra Sarasin Holding AG’s holdings in News were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after buying an additional 8,144,856 shares during the period. Virtu Financial LLC grew its stake in shares of News by 73.0% in the 3rd quarter. Virtu Financial LLC now owns 254,650 shares of the company’s stock worth $6,781,000 after purchasing an additional 107,433 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in News during the third quarter valued at approximately $238,000. Wilmington Savings Fund Society FSB bought a new position in shares of News in the third quarter valued at $85,000. Finally, Tidal Investments LLC boosted its stake in shares of News by 148.7% during the 3rd quarter. Tidal Investments LLC now owns 22,050 shares of the company’s stock worth $587,000 after acquiring an additional 13,184 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

NWSA has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on News from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. Citigroup assumed coverage on News in a report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Loop Capital dropped their price objective on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $38.80.

News Stock Down 2.0 %

NWSA stock opened at $25.35 on Tuesday. News Co. has a 1 year low of $22.65 and a 1 year high of $30.69. The company has a fifty day simple moving average of $27.19 and a 200 day simple moving average of $27.71. 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 firm has a market cap of $14.38 billion, a PE ratio of 34.73 and a beta of 1.24.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Sell-side analysts anticipate that News Co. will post 0.94 EPS for the current fiscal year.

News Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. News’s dividend payout ratio is presently 27.40%.

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.