Mutual of America Capital Management LLC Has $1.25 Million Stake in News Co. (NASDAQ:NWSA)

Mutual of America Capital Management LLC cut its holdings in News Co. (NASDAQ:NWSA) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 50,934 shares of the company’s stock after selling 2,380 shares during the period. Mutual of America Capital Management LLC’s holdings in News were worth $1,250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wedmont Private Capital boosted its position in shares of News by 3.9% in the 4th quarter. Wedmont Private Capital now owns 12,873 shares of the company’s stock worth $317,000 after purchasing an additional 486 shares during the last quarter. Wahed Invest LLC boosted its holdings in News by 9.5% during the third quarter. Wahed Invest LLC now owns 6,008 shares of the company’s stock worth $121,000 after buying an additional 523 shares during the last quarter. DNB Asset Management AS grew its position in shares of News by 0.5% during the 4th quarter. DNB Asset Management AS now owns 131,605 shares of the company’s stock worth $3,231,000 after buying an additional 596 shares during the period. Ronald Blue Trust Inc. increased its stake in shares of News by 104.8% in the 3rd 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. Finally, Arizona State Retirement System boosted its stake in News by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,777 shares of the company’s stock worth $2,572,000 after acquiring an additional 846 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

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

News Stock Up 1.7 %

Shares of NWSA stock opened at $24.43 on Tuesday. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 61.08 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 firm has a fifty day moving average of $25.76 and a 200-day moving average of $23.83. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

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

News Dividend Announcement

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

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.