News (NASDAQ:NWS) Share Price Crosses Above 200 Day Moving Average of $18.91

Shares of News Co. (NASDAQ:NWS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.91 and traded as high as $21.67. News shares last traded at $21.46, with a volume of 1,477,702 shares trading hands.

News Price Performance

The firm has a 50 day moving average price of $20.80 and a 200 day moving average price of $18.92. The stock has a market capitalization of $12.09 billion, a PE ratio of 77.41 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33.

News (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.14 EPS for the quarter. News had a return on equity of 3.17% and a net margin of 1.51%. The business had revenue of $2.43 billion during the quarter.

News Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.10 per share. This represents a yield of 0.9%. The ex-dividend date is Tuesday, September 12th. News’s dividend payout ratio is currently 74.07%.

Insider Transactions at News

In related news, CAO Marygrace Degrazio sold 9,754 shares of News stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $21.08, for a total transaction of $205,614.32. Following the transaction, the chief accounting officer now owns 21,722 shares in the company, valued at approximately $457,899.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Marygrace Degrazio sold 9,754 shares of News stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.08, for a total transaction of $205,614.32. Following the sale, the chief accounting officer now owns 21,722 shares of the company’s stock, valued at approximately $457,899.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Susan Panuccio sold 184,212 shares of News stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $20.97, for a total transaction of $3,862,925.64. Following the sale, the chief financial officer now owns 165,045 shares in the company, valued at approximately $3,460,993.65. The disclosure for this sale can be found here. Insiders sold a total of 251,966 shares of company stock valued at $5,285,380 over the last three months. Corporate insiders own 13.68% of the company’s stock.

Institutional Investors Weigh In On News

A number of hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in shares of News by 202.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,610 shares of the company’s stock worth $28,000 after purchasing an additional 1,078 shares during the period. Desjardins Global Asset Management Inc. raised its holdings in shares of News by 138.5% in the second quarter. Desjardins Global Asset Management Inc. now owns 1,975 shares of the company’s stock worth $39,000 after buying an additional 1,147 shares during the period. UBS Group AG raised its holdings in shares of News by 128.8% in the first quarter. UBS Group AG now owns 2,231 shares of the company’s stock worth $50,000 after buying an additional 1,256 shares during the period. Captrust Financial Advisors grew its position in News by 40.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock valued at $38,000 after acquiring an additional 687 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in News by 109.1% in the 2nd quarter. Bessemer Group Inc. now owns 2,585 shares of the company’s stock valued at $51,000 after acquiring an additional 1,349 shares during the last quarter. 13.46% of the stock is currently owned by hedge funds and other institutional investors.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.