Xponance Inc. Purchases 14,942 Shares of News Co. (NASDAQ:NWS)

Xponance Inc. lifted its position in shares of News Co. (NASDAQ:NWS) by 99.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,912 shares of the company’s stock after purchasing an additional 14,942 shares during the period. Xponance Inc.’s holdings in News were worth $910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of News by 4.4% in the 3rd quarter. State Street Corp now owns 7,069,813 shares of the company’s stock worth $198,254,000 after buying an additional 295,631 shares during the last quarter. JPMorgan Chase & Co. raised its position in News by 101.0% in the third quarter. JPMorgan Chase & Co. now owns 496,926 shares of the company’s stock worth $13,889,000 after acquiring an additional 249,659 shares during the period. Bank of New York Mellon Corp boosted its stake in News by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 845,246 shares of the company’s stock valued at $25,721,000 after acquiring an additional 125,852 shares during the last quarter. FMR LLC grew its position in shares of News by 362.3% during the 3rd quarter. FMR LLC now owns 94,940 shares of the company’s stock valued at $2,654,000 after acquiring an additional 74,405 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of News by 27.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,773 shares of the company’s stock worth $5,584,000 after purchasing an additional 43,107 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

News Trading Down 0.1 %

Shares of NWS opened at $30.75 on Tuesday. The firm has a market cap of $17.45 billion, a P/E ratio of 42.12 and a beta of 1.37. News Co. has a fifty-two week low of $23.99 and a fifty-two week high of $35.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73. The business has a 50-day moving average of $32.01 and a 200 day moving average of $30.55.

News (NASDAQ:NWS) last posted its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share 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%. As a group, research analysts forecast that News Co. will post 1.03 EPS for the current year.

News Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be given 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 is currently 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.