Vontobel Holding Ltd. Buys 37,551 Shares of News Co. (NASDAQ:NWSA)

Vontobel Holding Ltd. raised its stake in News Co. (NASDAQ:NWSA) by 215.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 54,967 shares of the company’s stock after purchasing an additional 37,551 shares during the quarter. Vontobel Holding Ltd.’s holdings in News were worth $1,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NWSA. GAMMA Investing LLC grew its holdings in News by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 4,156 shares of the company’s stock worth $109,000 after acquiring an additional 596 shares during the last quarter. Atlas Capital Advisors LLC increased its holdings in News by 77.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 12,105 shares of the company’s stock valued at $317,000 after purchasing an additional 5,281 shares during the period. 180 Wealth Advisors LLC raised its position in News by 20.0% during the 1st quarter. 180 Wealth Advisors LLC now owns 22,500 shares of the company’s stock valued at $589,000 after purchasing an additional 3,745 shares during the last quarter. Oak Thistle LLC purchased a new stake in News in the 1st quarter worth approximately $433,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of News by 2.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 919,598 shares of the company’s stock worth $24,075,000 after buying an additional 19,729 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Analysts Set New Price Targets

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

News Trading Down 0.4 %

NASDAQ NWSA opened at $26.33 on Friday. The stock’s 50 day moving average is $26.80 and its 200 day moving average is $26.51. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.97 billion, a PE ratio of 57.24 and a beta of 1.34. News Co. has a twelve month low of $20.11 and a twelve month high of $28.62.

News (NASDAQ:NWSA) last released its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, topping 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 firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Research analysts forecast that News Co. will post 0.85 earnings per share for the current fiscal year.

News Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a dividend yield of 0.7%. News’s dividend payout ratio is currently 43.48%.

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.