Exchange Traded Concepts LLC Has $134,000 Stake in News Co. (NASDAQ:NWSA)

Exchange Traded Concepts LLC increased its stake in News Co. (NASDAQ:NWSA) by 1,419.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,045 shares of the company’s stock after acquiring an additional 4,713 shares during the quarter. Exchange Traded Concepts LLC’s holdings in News were worth $134,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE increased its stake in News by 2.4% in the first quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after purchasing an additional 424 shares in the last quarter. Empirical Finance LLC raised its stake in News by 3.5% during the 1st quarter. Empirical Finance LLC now owns 13,898 shares of the company’s stock worth $364,000 after buying an additional 465 shares during the period. Fifth Third Bancorp boosted its holdings in News by 3.7% in the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after acquiring an additional 496 shares in the last quarter. Acadian Asset Management LLC grew its stake in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares during the period. Finally, CWM LLC increased its holdings in shares of News by 7.8% during the second quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after acquiring an additional 532 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NASDAQ NWSA opened at $26.11 on Wednesday. The company has a fifty day moving average price of $26.76 and a 200-day moving average price of $26.53. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 72.53 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a 1 year low of $20.11 and a 1 year high of $28.62.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. News had a net margin of 2.64% and a return on equity of 4.51%. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that News Co. will post 0.85 EPS for the current fiscal year.

News Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 9th. Investors of record on Wednesday, September 11th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 11th. This represents a yield of 0.7%. News’s dividend payout ratio (DPR) is currently 55.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital increased their price objective on News from $38.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $38.00.

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