Mirae Asset Global Investments Co. Ltd. Purchases 2,405 Shares of News Co. (NASDAQ:NWS)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in News Co. (NASDAQ:NWS) by 41.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,247 shares of the company’s stock after purchasing an additional 2,405 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in News were worth $230,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in News by 3,314.8% in the 3rd quarter. International Assets Investment Management LLC now owns 116,718 shares of the company’s stock valued at $3,262,000 after purchasing an additional 113,300 shares during the period. Metropolis Capital Ltd raised its position in shares of News by 10.5% during the third quarter. Metropolis Capital Ltd now owns 930,950 shares of the company’s stock valued at $26,020,000 after buying an additional 88,715 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of News by 101.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,624 shares of the company’s stock valued at $548,000 after buying an additional 9,895 shares during the period. Blue Trust Inc. grew its position in News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after buying an additional 1,449 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in News during the third quarter valued at about $80,000. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Loop Capital raised News to a “strong-buy” rating in a report on Tuesday, September 10th.

News Trading Up 0.1 %

Shares of News stock opened at $29.08 on Monday. News Co. has a 52-week low of $21.19 and a 52-week high of $29.61. The firm has a market capitalization of $16.53 billion, a PE ratio of 63.22 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. The company’s fifty day moving average price is $27.97 and its two-hundred day moving average price is $27.65.

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

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