abrdn plc Sells 11,818 Shares of News Co. (NASDAQ:NWS)

abrdn plc cut its stake in shares of News Co. (NASDAQ:NWSFree Report) by 20.1% during the 4th quarter, Holdings Channel reports. The fund owned 46,834 shares of the company’s stock after selling 11,818 shares during the period. abrdn plc’s holdings in News were worth $1,431,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in shares of News by 10.4% in the 2nd quarter. AQR Capital Management LLC now owns 11,113 shares of the company’s stock valued at $316,000 after buying an additional 1,051 shares during the period. ORG Wealth Partners LLC bought a new position in News in the third quarter worth approximately $80,000. Blue Trust Inc. grew its stake in News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after acquiring an additional 1,449 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of News by 101.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,624 shares of the company’s stock valued at $548,000 after acquiring an additional 9,895 shares in the last quarter. Finally, Metropolis Capital Ltd lifted its holdings in shares of News by 10.5% in the 3rd quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock worth $26,020,000 after purchasing an additional 88,715 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 0.5 %

NWS stock opened at $34.08 on Tuesday. The stock has a market cap of $19.38 billion, a P/E ratio of 46.69 and a beta of 1.38. The company has a current ratio of 1.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $31.36 and its two-hundred day simple moving average is $29.74. News Co. has a 1-year low of $23.99 and a 1-year high of $34.97.

News (NASDAQ:NWSGet Free Report) last announced its quarterly earnings data 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 net margin of 4.22% and a return on equity of 5.31%. Analysts expect that News Co. will post 0.96 EPS for the current year.

News Dividend Announcement

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

Analyst Ratings Changes

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

Get Our Latest Research Report on News

News Profile

(Free Report)

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.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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