Inspire Advisors LLC Sells 484 Shares of News Co. (NASDAQ:NWSA)

Inspire Advisors LLC reduced its stake in shares of News Co. (NASDAQ:NWSA) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,942 shares of the company’s stock after selling 484 shares during the quarter. Inspire Advisors LLC’s holdings in News were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE grew its stake in shares of News by 2.4% during the first quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after buying an additional 424 shares during the last quarter. Empirical Finance LLC grew its stake in shares of News by 3.5% in the first quarter. Empirical Finance LLC now owns 13,898 shares of the company’s stock worth $364,000 after purchasing an additional 465 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of News by 3.7% in the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares during the last quarter. Finally, CWM LLC grew its stake in shares of News by 7.8% in the second quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after purchasing an additional 532 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NWSA. JPMorgan Chase & Co. raised their target price 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 raised their target price on News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $38.00.

News Stock Performance

Shares of NWSA opened at $26.33 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a one year low of $20.11 and a one year high of $28.62. The company has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $26.51. The firm has a market capitalization of $14.97 billion, a PE ratio of 57.24 and a beta of 1.34.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. News had a net margin of 2.64% and a return on equity of 4.51%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business posted $0.14 earnings per share. News’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that News Co. will post 0.85 EPS for the current fiscal year.

News Dividend Announcement

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

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.