Public Employees Retirement System of Ohio Has $990,000 Stake in News Co. (NASDAQ:NWS)

Public Employees Retirement System of Ohio decreased its position in shares of News Co. (NASDAQ:NWSFree Report) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,430 shares of the company’s stock after selling 5,254 shares during the period. Public Employees Retirement System of Ohio’s holdings in News were worth $990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in News by 85.8% in the third quarter. SG Americas Securities LLC now owns 95,402 shares of the company’s stock valued at $1,991,000 after acquiring an additional 44,054 shares during the period. Hsbc Holdings PLC increased its stake in News by 10.5% in the third quarter. Hsbc Holdings PLC now owns 168,230 shares of the company’s stock valued at $3,511,000 after acquiring an additional 15,949 shares during the period. Citigroup Inc. increased its stake in News by 663.8% in the third quarter. Citigroup Inc. now owns 163,839 shares of the company’s stock valued at $3,419,000 after acquiring an additional 142,388 shares during the period. Northern Trust Corp increased its stake in News by 9.1% in the third quarter. Northern Trust Corp now owns 992,782 shares of the company’s stock valued at $20,719,000 after acquiring an additional 83,025 shares during the period. Finally, UBS Group AG increased its stake in News by 49,135.5% in the third quarter. UBS Group AG now owns 614,951 shares of the company’s stock valued at $12,834,000 after acquiring an additional 613,702 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Performance

NASDAQ NWS opened at $26.89 on Wednesday. The stock has a market cap of $15.36 billion, a P/E ratio of 67.23 and a beta of 1.35. The company’s 50-day simple moving average is $26.63 and its 200 day simple moving average is $24.10. News Co. has a twelve month low of $16.45 and a twelve month high of $28.92. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

News (NASDAQ:NWSGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. The firm had revenue of $2.59 billion for the quarter. News had a net margin of 2.29% and a return on equity of 4.14%.

News Announces Dividend

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

Further Reading

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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