News Co. (NASDAQ:NWS) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in shares of News Co. (NASDAQ:NWSFree Report) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,500 shares of the company’s stock after selling 1,600 shares during the quarter. Gamco Investors INC. ET AL’s holdings in News were worth $1,701,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in News by 40.6% during the 2nd quarter. Captrust Financial Advisors now owns 2,378 shares of the company’s stock worth $38,000 after buying an additional 687 shares in the last quarter. Desjardins Global Asset Management Inc. raised its holdings in shares of News by 138.5% in the 2nd quarter. Desjardins Global Asset Management Inc. now owns 1,975 shares of the company’s stock valued at $39,000 after purchasing an additional 1,147 shares in the last quarter. UBS Group AG raised its holdings in shares of News by 128.8% in the 1st quarter. UBS Group AG now owns 2,231 shares of the company’s stock valued at $50,000 after purchasing an additional 1,256 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of 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 purchasing an additional 1,349 shares in the last quarter. Finally, DC Investments Management LLC acquired a new stake in shares of News in the 1st quarter valued at $114,000. 13.46% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

Shares of NWS opened at $27.21 on Friday. News Co. has a twelve month low of $15.73 and a twelve month high of $28.92. The firm’s fifty day simple moving average is $25.01 and its 200-day simple moving average is $22.67. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 68.03 and a beta of 1.35. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33.

News (NASDAQ:NWSGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported $0.16 EPS for the quarter. The firm had revenue of $2.50 billion for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th will be given a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 12th. News’s dividend payout ratio (DPR) is 50.00%.

News Profile

(Free Report)

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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