Yacktman Asset Management LP Sells 19,604 Shares of News Co. (NASDAQ:NWS)

Yacktman Asset Management LP decreased its position in shares of News Co. (NASDAQ:NWS) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537,527 shares of the company’s stock after selling 19,604 shares during the period. Yacktman Asset Management LP’s holdings in News were worth $13,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NWS. V Square Quantitative Management LLC purchased a new position in News during the third quarter valued at $48,000. GAMMA Investing LLC bought a new position in shares of News during the 4th quarter valued at about $73,000. Daiwa Securities Group Inc. increased its holdings in shares of News by 147.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 6,755 shares of the company’s stock worth $174,000 after purchasing an additional 4,028 shares during the last quarter. Hartford Investment Management Co. purchased a new position in News during the 4th quarter valued at approximately $201,000. Finally, Trust Investment Advisors purchased a new stake in shares of News during the 4th quarter worth approximately $215,000. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

NWS traded up $0.06 during trading hours on Friday, hitting $25.00. The company’s stock had a trading volume of 306,310 shares, compared to its average volume of 757,288. News Co. has a 12 month low of $16.49 and a 12 month high of $28.92. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 62.35 and a beta of 1.35. The business’s 50-day moving average price is $26.59 and its 200-day moving average price is $24.83. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33.

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

News Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 12th. News’s 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.