Cwm LLC Has $286,000 Stake in News Co. (NASDAQ:NWSA)

Cwm LLC grew its holdings in News Co. (NASDAQ:NWSA) by 46.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,732 shares of the company’s stock after purchasing an additional 3,393 shares during the quarter. Cwm LLC’s holdings in News were worth $286,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of News by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock valued at $78,729,000 after purchasing an additional 61,417 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of News by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,317,664 shares of the company’s stock valued at $36,328,000 after purchasing an additional 5,930 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake 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 valued at $24,075,000 after acquiring an additional 19,729 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in News by 28.3% during the 1st quarter. BNP Paribas Financial Markets now owns 858,381 shares of the company’s stock worth $22,472,000 after acquiring an additional 189,192 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in News by 13.8% during the second quarter. Hsbc Holdings PLC now owns 679,070 shares of the company’s stock valued at $18,747,000 after purchasing an additional 82,215 shares during the period. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

NWSA has been the subject of several research analyst reports. 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 report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $38.00.

News Stock Performance

NWSA opened at $26.33 on Tuesday. The firm has a market cap of $15.01 billion, a P/E ratio of 73.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.43. News Co. has a 52-week low of $20.11 and a 52-week high of $28.62. The business’s fifty day moving average is $26.79 and its 200-day moving average is $26.52.

News (NASDAQ:NWSA) last announced its quarterly 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 return on equity of 4.51% and a net margin of 2.64%. The company had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company earned $0.14 EPS. News’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts expect that News Co. will post 0.85 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th were given a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 11th. News’s dividend payout ratio (DPR) is presently 55.56%.

News Company 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.