Tredje AP fonden Sells 29,711 Shares of News Co. (NASDAQ:NWSA)

Tredje AP fonden decreased its stake in shares of News Co. (NASDAQ:NWSA) by 50.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,711 shares of the company’s stock after selling 29,711 shares during the period. Tredje AP fonden’s holdings in News were worth $818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWSA. Larson Financial Group LLC grew its stake in News by 2,392.9% in the 4th quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock valued at $29,000 after buying an additional 1,005 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of News in the third quarter valued at approximately $39,000. R Squared Ltd acquired a new position in News during the 4th quarter valued at $49,000. Smartleaf Asset Management LLC increased its holdings in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock worth $55,000 after purchasing an additional 660 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in News during the third quarter worth about $85,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Up 2.6 %

Shares of NASDAQ NWSA opened at $26.98 on Friday. News Co. has a 52-week low of $22.65 and a 52-week high of $30.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The stock has a market cap of $15.31 billion, a P/E ratio of 36.96 and a beta of 1.34. The firm has a 50 day moving average price of $28.20 and a 200 day moving average price of $27.80.

News (NASDAQ:NWSA) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. Analysts expect that News Co. will post 0.94 EPS for the current year.

News Dividend Announcement

The firm also recently announced a quarterly 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 $0.40 dividend on an annualized basis and a yield of 1.48%. News’s payout ratio is 27.40%.

Wall Street Analysts Forecast Growth

NWSA has been the subject of a number of analyst reports. StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a report on Monday, February 10th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Guggenheim boosted their target price on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, News currently has a consensus rating of “Buy” and an average price target of $39.25.

About News

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.