Daiwa Securities Group Inc. Has $174,000 Holdings in News Co. (NASDAQ:NWS)

Daiwa Securities Group Inc. boosted its holdings in News Co. (NASDAQ:NWS) by 147.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,755 shares of the company’s stock after buying an additional 4,028 shares during the quarter. Daiwa Securities Group Inc.’s holdings in News were worth $174,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Baker Ellis Asset Management LLC boosted its stake in shares of News by 2.1% during the fourth quarter. Baker Ellis Asset Management LLC now owns 24,500 shares of the company’s stock valued at $630,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of News by 3.6% during the third quarter. PNC Financial Services Group Inc. now owns 28,607 shares of the company’s stock valued at $597,000 after purchasing an additional 1,003 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of News by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 43,012 shares of the company’s stock valued at $1,106,000 after purchasing an additional 1,222 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of News by 3.3% during the third quarter. Royal London Asset Management Ltd. now owns 52,932 shares of the company’s stock valued at $1,105,000 after purchasing an additional 1,713 shares in the last quarter. Finally, PAX Financial Group LLC boosted its stake in shares of News by 5.3% during the third quarter. PAX Financial Group LLC now owns 36,315 shares of the company’s stock valued at $758,000 after purchasing an additional 1,818 shares in the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

News Price Performance

Shares of NWS opened at $24.96 on Friday. News Co. has a 1 year low of $16.49 and a 1 year high of $28.92. 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 company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 62.40 and a beta of 1.35. The business has a 50-day moving average of $26.54 and a 200-day moving average of $24.86.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter. News had a return on equity of 4.14% and a net margin of 2.29%. The company had revenue of $2.59 billion during the quarter.

News Announces Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is 50.00%.

About News

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.