Wilmington Savings Fund Society FSB Takes Position in News Co. (NASDAQ:NWSA)

Wilmington Savings Fund Society FSB acquired a new stake in News Co. (NASDAQ:NWSA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,180 shares of the company’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in News in the 2nd quarter valued at approximately $289,000. Fifth Third Bancorp grew its holdings in News by 3.7% during the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after acquiring an additional 496 shares during the period. Family Firm Inc. purchased a new position in News in the second quarter worth $73,000. Bank of New York Mellon Corp lifted its holdings in News by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock valued at $78,729,000 after acquiring an additional 61,417 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of News by 11.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 10,578 shares of the company’s stock worth $292,000 after purchasing an additional 1,095 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NWSA has been the topic of a number of research analyst reports. StockNews.com downgraded shares of News from a “buy” rating to a “hold” rating in a report on Wednesday. Guggenheim upped their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Loop Capital lifted their price objective on News from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, News presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

News Trading Up 0.9 %

Shares of News stock opened at $27.86 on Friday. News Co. has a fifty-two week low of $22.65 and a fifty-two week high of $30.03. The business’s fifty day moving average is $28.21 and its two-hundred day moving average is $27.50. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market cap of $15.84 billion, a PE ratio of 44.94 and a beta of 1.35.

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.