News Co. (NASDAQ:NWS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of News Co. (NASDAQ:NWS) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,765 shares of the company’s stock after selling 520 shares during the period. State of Alaska Department of Revenue’s holdings in News were worth $388,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of News by 253.3% in the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock valued at $57,000 after purchasing an additional 1,449 shares during the period. Point72 DIFC Ltd purchased a new position in shares of News in the third quarter worth about $86,000. Glenmede Trust Co. NA lifted its stake in shares of News by 27.7% in the third quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock worth $98,000 after buying an additional 763 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of News by 218.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after buying an additional 3,735 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of News in the fourth quarter worth about $224,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

News Trading Up 1.6 %

Shares of NWS stock opened at $34.86 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.26 and a current ratio of 1.73. The stock has a market capitalization of $19.82 billion, a P/E ratio of 47.75 and a beta of 1.38. The company has a 50 day moving average price of $31.51 and a 200 day moving average price of $29.89. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $34.97.

News (NASDAQ:NWS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Equities research analysts predict that News Co. will post 0.96 EPS for the current fiscal year.

News Dividend Announcement

The firm 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 $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a yield of 0.6%. News’s payout ratio is 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.