Chevy Chase Trust Holdings LLC Has $1.65 Million Stock Position in News Co. (NASDAQ:NWS)

Chevy Chase Trust Holdings LLC decreased its holdings in News Co. (NASDAQ:NWS) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,133 shares of the company’s stock after selling 795 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in News were worth $1,650,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of News by 85.8% in the third quarter. SG Americas Securities LLC now owns 95,402 shares of the company’s stock worth $1,991,000 after purchasing an additional 44,054 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of News by 10.5% in the third quarter. Hsbc Holdings PLC now owns 168,230 shares of the company’s stock worth $3,511,000 after purchasing an additional 15,949 shares during the last quarter. Citigroup Inc. lifted its holdings 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 buying an additional 142,388 shares during the period. Vanguard Group Inc. lifted its holdings in News by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,157,578 shares of the company’s stock valued at $86,769,000 after buying an additional 66,564 shares during the period. Finally, Royal London Asset Management Ltd. lifted its holdings in News by 3.3% in the third quarter. Royal London Asset Management Ltd. now owns 52,932 shares of the company’s stock valued at $1,105,000 after buying an additional 1,713 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Price Performance

NWS stock opened at $25.63 on Thursday. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 64.08 and a beta of 1.35. 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 Co. has a 12-month low of $16.49 and a 12-month high of $28.92. The company’s fifty day simple moving average is $26.89 and its 200 day simple moving average is $24.51.

News (NASDAQ:NWS) last released its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s dividend payout ratio is currently 50.00%.

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