Mutual of America Capital Management LLC Has $1.25 Million Holdings in News Co. (NASDAQ:NWSA)

Mutual of America Capital Management LLC trimmed its position in News Co. (NASDAQ:NWSA) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,934 shares of the company’s stock after selling 2,380 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Ieq Capital LLC purchased a new position in News during the 3rd quarter worth approximately $253,000. The Manufacturers Life Insurance Company increased its stake in News by 321.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,155,073 shares of the company’s stock valued at $23,171,000 after buying an additional 880,977 shares during the period. New York Life Investment Management LLC lifted its position in News by 34.0% in the 3rd quarter. New York Life Investment Management LLC now owns 96,548 shares of the company’s stock worth $1,937,000 after buying an additional 24,496 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of News during the 3rd quarter valued at $496,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of News by 489.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 312,732 shares of the company’s stock worth $6,273,000 after acquiring an additional 259,692 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Macquarie raised News from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 8th. StockNews.com raised News from a “hold” rating to a “buy” rating in a research note on Friday, January 19th. Finally, TheStreet raised shares of News from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $29.50.

News Price Performance

NASDAQ NWSA opened at $24.43 on Tuesday. The firm has a market cap of $13.95 billion, a P/E ratio of 61.08 and a beta of 1.33. The stock’s 50-day moving average is $25.76 and its two-hundred day moving average is $23.83. News Co. has a fifty-two week low of $16.35 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. News had a return on equity of 4.14% and a net margin of 2.29%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that News Co. will post 0.72 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a yield of 0.8%. News’s dividend payout ratio (DPR) is presently 50.00%.

About News

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.