Allspring Global Investments Holdings LLC Raises Position in News Co. (NASDAQ:NWS)

Allspring Global Investments Holdings LLC grew its holdings in shares of News Co. (NASDAQ:NWS) by 101.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,624 shares of the company’s stock after purchasing an additional 9,895 shares during the period. Allspring Global Investments Holdings LLC’s holdings in News were worth $548,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Metropolis Capital Ltd grew its position in News by 13.2% in the 2nd quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after purchasing an additional 98,172 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in News in the 2nd quarter worth approximately $22,415,000. BNP Paribas Financial Markets grew its position in shares of News by 11.5% during the 1st quarter. BNP Paribas Financial Markets now owns 215,847 shares of the company’s stock valued at $5,841,000 after acquiring an additional 22,287 shares during the period. Hsbc Holdings PLC grew its position in shares of News by 7.4% during the 2nd quarter. Hsbc Holdings PLC now owns 215,462 shares of the company’s stock valued at $6,131,000 after acquiring an additional 14,791 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of News by 24.9% during the 2nd quarter. Renaissance Technologies LLC now owns 186,630 shares of the company’s stock valued at $5,298,000 after acquiring an additional 37,220 shares during the period. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Trading Up 0.1 %

NASDAQ:NWS opened at $29.08 on Friday. News Co. has a 52 week low of $21.19 and a 52 week high of $29.61. The firm has a 50 day moving average of $27.98 and a 200 day moving average of $27.59. 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 stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of 63.13 and a beta of 1.36.

News (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $2.58 billion during the quarter. News had a net margin of 2.64% and a return on equity of 4.51%.

News Dividend Announcement

The business also recently announced 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 was Wednesday, September 11th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is 43.48%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a research note on Tuesday, September 10th.

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.