Sumitomo Mitsui Trust Group Inc. Acquires 8,289 Shares of News Co. (NASDAQ:NWSA)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of News Co. (NASDAQ:NWSA) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 818,882 shares of the company’s stock after purchasing an additional 8,289 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of News worth $21,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP grew its position in News by 894.3% in the 3rd quarter. GSA Capital Partners LLP now owns 98,401 shares of the company’s stock worth $2,620,000 after purchasing an additional 88,504 shares during the last quarter. Entropy Technologies LP grew its position in News by 658.4% in the 3rd quarter. Entropy Technologies LP now owns 86,174 shares of the company’s stock worth $2,295,000 after purchasing an additional 74,811 shares during the last quarter. Principal Financial Group Inc. grew its position in News by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 435,388 shares of the company’s stock worth $11,594,000 after purchasing an additional 12,345 shares during the last quarter. Asset Management One Co. Ltd. grew its position in News by 1.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 150,873 shares of the company’s stock worth $4,018,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in News by 12.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 139,571 shares of the company’s stock worth $3,717,000 after purchasing an additional 15,856 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NWSA. JPMorgan Chase & Co. lifted their target price on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Guggenheim boosted their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Loop Capital boosted their price target on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, News currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

News Trading Down 1.7 %

Shares of NASDAQ NWSA opened at $28.62 on Monday. News Co. has a 1-year low of $20.83 and a 1-year high of $30.03. The company has a market cap of $16.27 billion, a PE ratio of 46.16 and a beta of 1.34. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $26.84 and a two-hundred day moving average of $26.96.

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.