180 Wealth Advisors LLC Reduces Holdings in News Co. (NASDAQ:NWSA)

180 Wealth Advisors LLC reduced its position in News Co. (NASDAQ:NWSA) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,755 shares of the company’s stock after selling 4,745 shares during the period. 180 Wealth Advisors LLC’s holdings in News were worth $494,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in shares of News during the 1st quarter valued at approximately $34,000. Lindbrook Capital LLC lifted its holdings in shares of News by 153.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,635 shares of the company’s stock worth $40,000 after purchasing an additional 989 shares during the last quarter. Principal Securities Inc. bought a new stake in News in the fourth quarter valued at $45,000. Covestor Ltd lifted its position in News by 125.8% in the 1st quarter. Covestor Ltd now owns 1,727 shares of the company’s stock valued at $45,000 after purchasing an additional 962 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of News by 120.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,897 shares of the company’s stock valued at $71,000 after purchasing an additional 1,583 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, News has a consensus rating of “Buy” and an average price target of $32.25.

News Price Performance

Shares of News stock traded up $0.26 during trading on Thursday, hitting $27.58. The stock had a trading volume of 3,741,812 shares, compared to its average volume of 2,786,729. The business has a fifty day moving average of $27.35 and a two-hundred day moving average of $26.22. The firm has a market cap of $15.72 billion, a P/E ratio of 76.61 and a beta of 1.33. News Co. has a fifty-two week low of $19.25 and a fifty-two week high of $28.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.25.

News (NASDAQ:NWSA) last released its earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.49 billion. News had a net margin of 2.09% and a return on equity of 4.28%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. On average, sell-side analysts expect that News Co. will post 0.67 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.10 per share. This represents a yield of 0.7%. The ex-dividend date is Wednesday, September 11th. News’s dividend payout ratio (DPR) is currently 55.56%.

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