XTX Topco Ltd Invests $1.46 Million in News Co. (NASDAQ:NWSA)

XTX Topco Ltd acquired a new stake in shares of News Co. (NASDAQ:NWSA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 52,762 shares of the company’s stock, valued at approximately $1,455,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in News in the 4th quarter valued at $45,000. Janney Montgomery Scott LLC acquired a new position in News in the fourth quarter valued at $1,255,000. Norges Bank acquired a new position in News in the fourth quarter valued at $139,956,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in News by 67.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 16,781 shares of the company’s stock worth $412,000 after buying an additional 6,768 shares during the last quarter. Finally, UBS Group AG grew its holdings in News by 647.1% in the 4th quarter. UBS Group AG now owns 344,652 shares of the company’s stock valued at $8,461,000 after buying an additional 298,521 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NWSA. JPMorgan Chase & Co. increased their price objective on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital lifted their price target on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News currently has an average rating of “Buy” and a consensus price target of $38.00.

News Stock Down 0.8 %

Shares of NASDAQ:NWSA opened at $26.34 on Friday. News Co. has a 1 year low of $19.25 and a 1 year high of $28.62. The stock has a 50-day simple moving average of $27.20 and a 200-day simple moving average of $26.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. The stock has a market capitalization of $15.01 billion, a P/E ratio of 73.17 and a beta of 1.34.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. News had a net margin of 2.64% and a return on equity of 4.51%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts forecast that News Co. will post 0.87 earnings per share for the current year.

News Dividend Announcement

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th will be given a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 11th. News’s payout ratio is 55.56%.

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