Trust Investment Advisors Has $206,000 Stake in News Co. (NASDAQ:NWSA)

Trust Investment Advisors decreased its holdings in News Co. (NASDAQ:NWSA) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,387 shares of the company’s stock after selling 1,855 shares during the period. Trust Investment Advisors’ holdings in News were worth $206,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NWSA. ExodusPoint Capital Management LP acquired a new position in shares of News in the fourth quarter valued at $30,000. Ronald Blue Trust Inc. boosted its holdings in News by 104.8% in the third quarter. Ronald Blue Trust Inc. now owns 1,608 shares of the company’s stock valued at $31,000 after acquiring an additional 823 shares during the last quarter. Bessemer Group Inc. raised its position in shares of News by 50.5% during the fourth quarter. Bessemer Group Inc. now owns 2,313 shares of the company’s stock worth $42,000 after purchasing an additional 776 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of News during the first quarter worth about $48,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of News during the fourth quarter worth about $49,000. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on NWSA shares. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. Finally, TheStreet upgraded shares of News from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $29.50.

News Price Performance

NASDAQ NWSA traded down $0.12 on Thursday, reaching $24.03. 1,358,194 shares of the company’s stock traded hands, compared to its average volume of 2,797,916. The stock has a market cap of $13.72 billion, a PE ratio of 60.38 and a beta of 1.33. News Co. has a 12 month low of $16.35 and a 12 month high of $28.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.33. The stock has a 50-day simple moving average of $25.87 and a 200 day simple moving average of $23.70.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.56 billion. News had a return on equity of 4.14% and a net margin of 2.29%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, research analysts predict that News Co. will post 0.72 earnings per share for the current year.

News Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio (DPR) is 50.00%.

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