News Co. (NASDAQ:NWS) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its position in shares of News Co. (NASDAQ:NWS) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,753 shares of the company’s stock after selling 1,451 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in News were worth $1,788,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in shares of News by 4.6% in the third quarter. Daiwa Securities Group Inc. now owns 7,986 shares of the company’s stock valued at $223,000 after buying an additional 348 shares in the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 1,449 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of News by 101.0% in the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock valued at $13,889,000 after buying an additional 249,659 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of News by 28.5% in the fourth quarter. GAMMA Investing LLC now owns 7,790 shares of the company’s stock valued at $237,000 after buying an additional 1,729 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of News by 1.9% in the third quarter. Principal Financial Group Inc. now owns 137,034 shares of the company’s stock valued at $3,830,000 after buying an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Price Performance

Shares of NASDAQ NWS opened at $35.00 on Wednesday. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $35.01. The business has a 50 day moving average price of $31.56 and a two-hundred day moving average price of $29.95. The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The firm has a market cap of $19.90 billion, a PE ratio of 47.95 and a beta of 1.38.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share 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%. Sell-side analysts expect that News Co. will post 0.96 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.10 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 12th. News’s dividend payout ratio is presently 27.40%.

Wall Street Analysts Forecast Growth

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

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