Cibc World Markets Corp Buys 3,242 Shares of News Co. (NASDAQ:NWS)

Cibc World Markets Corp boosted its stake in News Co. (NASDAQ:NWS) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,610 shares of the company’s stock after acquiring an additional 3,242 shares during the period. Cibc World Markets Corp’s holdings in News were worth $2,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NWS. Wilmington Savings Fund Society FSB lifted its position in News by 123.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock valued at $28,000 after buying an additional 517 shares during the period. Smartleaf Asset Management LLC lifted its position in News by 136.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock valued at $37,000 after buying an additional 702 shares during the period. Asset Management One Co. Ltd. lifted its position in News by 22.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,668 shares of the company’s stock valued at $82,000 after buying an additional 497 shares during the period. Point72 DIFC Ltd purchased a new position in News during the third quarter valued at $86,000. Finally, Blue Trust Inc. lifted its position in News by 72.1% during the fourth quarter. Blue Trust Inc. now owns 3,478 shares of the company’s stock valued at $97,000 after buying an additional 1,457 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Price Performance

NWS opened at $31.05 on Friday. The stock has a 50-day moving average price of $31.99 and a 200-day moving average price of $30.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The firm has a market cap of $17.62 billion, a PE ratio of 42.53 and a beta of 1.37. News Co. has a 1 year low of $23.99 and a 1 year high of $35.25.

News (NASDAQ:NWS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). News had a return on equity of 5.31% and a net margin of 4.22%. Sell-side analysts predict that News Co. will post 1.03 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a yield of 0.6%. The ex-dividend date is Wednesday, March 12th. News’s dividend payout ratio (DPR) is 27.40%.

Analysts Set New Price Targets

Separately, Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st.

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.