Kapitalo Investimentos Ltda Sells 11,156 Shares of News Co. (NASDAQ:NWSA)

Kapitalo Investimentos Ltda trimmed its stake in News Co. (NASDAQ:NWSA) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,665 shares of the company’s stock after selling 11,156 shares during the period. Kapitalo Investimentos Ltda’s holdings in News were worth $349,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NWSA. Larson Financial Group LLC increased its position in shares of News by 2,392.9% in the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock worth $29,000 after purchasing an additional 1,005 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of News during the fourth quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new stake in shares of News in the 4th quarter worth approximately $36,000. R Squared Ltd purchased a new stake in shares of News in the 4th quarter valued at $49,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock valued at $55,000 after purchasing an additional 660 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NWSA. Guggenheim upped their price target on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded News to a “strong-buy” rating in a research report on Friday, January 31st. Morgan Stanley lowered their price objective on News from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Monday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $38.80.

News Price Performance

Shares of News stock opened at $27.12 on Wednesday. The business has a 50 day moving average of $26.81 and a 200 day moving average of $27.74. News Co. has a 52 week low of $22.65 and a 52 week high of $30.69. The company has a market cap of $15.39 billion, a PE ratio of 37.15 and a beta of 1.24. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. News had a net margin of 4.22% and a return on equity of 5.31%. As a group, equities research analysts forecast that News Co. will post 0.94 earnings per share for the current year.

News Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. News’s dividend payout ratio (DPR) is 27.40%.

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.