News Co. (NASDAQ:NWS) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of News Co. (NASDAQ:NWS) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 137,034 shares of the company’s stock after purchasing an additional 2,609 shares during the quarter. Principal Financial Group Inc.’s holdings in News were worth $3,830,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NWS. Blue Trust Inc. lifted its stake in News by 253.3% during the third quarter. Blue Trust Inc. now owns 2,021 shares of the company’s stock worth $57,000 after purchasing an additional 1,449 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of News during the third quarter worth $80,000. Point72 DIFC Ltd bought a new position in shares of News in the 3rd quarter worth about $86,000. Glenmede Trust Co. NA grew its position in shares of News by 27.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,520 shares of the company’s stock valued at $98,000 after buying an additional 763 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in News by 218.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,445 shares of the company’s stock worth $153,000 after acquiring an additional 3,735 shares during the period. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

NWS stock opened at $30.37 on Friday. The stock’s fifty day moving average is $31.15 and its two-hundred day moving average is $29.16. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of 48.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. News Co. has a 1 year low of $23.99 and a 1 year high of $32.87.

Analyst Upgrades and Downgrades

Separately, Loop Capital raised News to a “strong-buy” rating in a report on Tuesday, September 10th.

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