Royal London Asset Management Ltd. Has $2 Million Position in News Co. (NASDAQ:NWS)

Royal London Asset Management Ltd. raised its holdings in News Co. (NASDAQ:NWS) by 27.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 65,649 shares of the company’s stock after acquiring an additional 14,089 shares during the quarter. Royal London Asset Management Ltd.’s holdings in News were worth $1,998,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB raised its position in News by 123.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock worth $28,000 after purchasing an additional 517 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of News by 136.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock worth $37,000 after acquiring an additional 702 shares during the period. Harvest Fund Management Co. Ltd boosted its holdings in News by 2,892.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock valued at $61,000 after acquiring an additional 1,996 shares during the last quarter. Asset Management One Co. Ltd. increased its position in News by 22.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after purchasing an additional 497 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in shares of News in the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Down 0.1 %

Shares of News stock opened at $30.75 on Tuesday. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 42.12 and a beta of 1.37. The stock’s 50-day moving average is $32.01 and its 200 day moving average is $30.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. News Co. has a one year low of $23.99 and a one year high of $35.25.

News (NASDAQ:NWS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Equities research analysts anticipate that News Co. will post 1.03 EPS for the current year.

News Announces Dividend

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

Analyst Ratings Changes

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

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.