30,213 Shares in News Co. (NASDAQ:NWS) Purchased by Walleye Capital LLC

Walleye Capital LLC acquired a new position in News Co. (NASDAQ:NWSGet Rating) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 30,213 shares of the company’s stock, valued at approximately $680,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of News by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 5,194,590 shares of the company’s stock worth $116,983,000 after acquiring an additional 35,757 shares during the period. State Street Corp increased its stake in News by 3.2% during the 4th quarter. State Street Corp now owns 4,623,706 shares of the company’s stock valued at $104,033,000 after buying an additional 142,899 shares during the period. Dimensional Fund Advisors LP increased its stake in News by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,698,222 shares of the company’s stock valued at $60,773,000 after buying an additional 67,899 shares during the period. Geode Capital Management LLC increased its stake in News by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 2,506,202 shares of the company’s stock valued at $56,312,000 after buying an additional 175,493 shares during the period. Finally, Metropolis Capital Ltd increased its stake in News by 4.9% during the 1st quarter. Metropolis Capital Ltd now owns 2,192,674 shares of the company’s stock valued at $49,379,000 after buying an additional 101,712 shares during the period. Institutional investors and hedge funds own 11.43% of the company’s stock.

Insider Transactions at News

In other news, General Counsel David B. Pitofsky sold 82,028 shares of News stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $18.73, for a total value of $1,536,384.44. Following the transaction, the general counsel now owns 87,706 shares of the company’s stock, valued at approximately $1,642,733.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.68% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of News from a “conviction-buy” rating to a “buy” rating in a research note on Sunday, July 10th.

News Stock Down 0.4 %

News stock opened at $16.86 on Wednesday. The company’s 50-day moving average price is $17.44 and its two-hundred day moving average price is $18.54. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 15.91 and a beta of 1.33. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.30. News Co. has a 52 week low of $15.18 and a 52 week high of $24.75.

News Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a dividend yield of 1.1%. News’s dividend payout ratio is currently 18.87%.

News Company Profile

(Get Rating)

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 in 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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