Cibc World Markets Corp Raises Stock Holdings in News Co. (NASDAQ:NWS)

Cibc World Markets Corp boosted its holdings in News Co. (NASDAQ:NWS) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,610 shares of the company’s stock after buying an additional 3,242 shares during the quarter. Cibc World Markets Corp’s holdings in News were worth $2,605,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of News by 4.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock valued at $223,000 after purchasing an additional 348 shares during the period. JPMorgan Chase & Co. grew its stake in shares of News by 101.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock valued at $13,889,000 after purchasing an additional 249,659 shares during the period. Blue Trust Inc. grew its stake in shares of News by 72.1% during the 4th quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock valued at $97,000 after purchasing an additional 1,457 shares during the period. GAMMA Investing LLC grew its stake in shares of News by 28.5% during the 4th quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock valued at $237,000 after purchasing an additional 1,729 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of News by 1.9% during the 3rd quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after purchasing an additional 2,609 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday, January 31st.

News Trading Down 0.6 %

Shares of NASDAQ:NWS opened at $31.05 on Friday. The stock has a 50 day moving average of $31.99 and a 200 day moving average of $30.48. The company has a market cap of $17.62 billion, a PE ratio of 42.53 and a beta of 1.37. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. News Co. has a 12-month low of $23.99 and a 12-month high of $35.25.

News (NASDAQ:NWS) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). News had a net margin of 4.22% and a return on equity of 5.31%. As a group, equities research analysts expect that News Co. will post 1.03 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 12th. This represents a dividend yield of 0.6%. News’s dividend payout ratio (DPR) is presently 27.40%.

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