News Co. (NASDAQ:NWS) Shares Sold by ING Groep NV

ING Groep NV cut its position in News Co. (NASDAQ:NWS) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,300 shares of the company’s stock after selling 713 shares during the quarter. ING Groep NV’s holdings in News were worth $435,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NWS. Blue Trust Inc. boosted its position in shares of News by 253.3% in the 3rd quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after purchasing an additional 1,449 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of News by 101.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,624 shares of the company’s stock valued at $548,000 after purchasing an additional 9,895 shares during the period. International Assets Investment Management LLC boosted its position in shares of News by 3,314.8% in the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after purchasing an additional 113,300 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of News by 41.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,247 shares of the company’s stock valued at $230,000 after purchasing an additional 2,405 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of News in the 3rd quarter valued at about $351,000. 14.63% of the stock is owned by institutional investors and hedge funds.

News Stock Up 0.1 %

News stock opened at $32.32 on Tuesday. News Co. has a twelve month low of $23.99 and a twelve month high of $35.25. The stock has a 50 day moving average of $31.73 and a two-hundred day moving average of $30.18. 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 stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 44.27 and a beta of 1.38.

News (NASDAQ:NWS) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share 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%. As a group, research analysts expect that News Co. will post 1.03 earnings per share for the current year.

News Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a yield of 0.6%. News’s payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

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

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.