Northwestern Mutual Investment Management Company LLC Reduces Position in News Co. (NASDAQ:NWSA)

Northwestern Mutual Investment Management Company LLC trimmed its position in News Co. (NASDAQ:NWSAGet Rating) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,548 shares of the company’s stock after selling 2,134 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in News were worth $344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its position in News by 7.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 12,808,257 shares of the company’s stock valued at $285,752,000 after acquiring an additional 874,243 shares during the last quarter. Contour Asset Management LLC lifted its position in News by 31.8% during the fourth quarter. Contour Asset Management LLC now owns 12,156,933 shares of the company’s stock valued at $271,221,000 after buying an additional 2,934,958 shares during the period. Dimensional Fund Advisors LP lifted its position in News by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,654,833 shares of the company’s stock valued at $126,163,000 after buying an additional 421,385 shares during the period. Invesco Ltd. increased its holdings in shares of News by 4.1% during the fourth quarter. Invesco Ltd. now owns 4,343,177 shares of the company’s stock valued at $96,897,000 after acquiring an additional 172,293 shares in the last quarter. Finally, Metropolis Capital Ltd increased its holdings in News by 4.9% in the 1st quarter. Metropolis Capital Ltd now owns 4,335,780 shares of the company’s stock worth $96,038,000 after buying an additional 201,871 shares in the last quarter. 63.98% of the stock is owned by hedge funds and other institutional investors.

News Trading Up 0.9 %

Shares of NASDAQ NWSA opened at $18.83 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.09. The stock has a market capitalization of $11.03 billion, a P/E ratio of 17.76 and a beta of 1.30. News Co. has a 1-year low of $14.95 and a 1-year high of $25.86. The business has a fifty day moving average price of $16.38 and a 200 day moving average price of $19.21.

News (NASDAQ:NWSAGet Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.22. News had a return on equity of 7.69% and a net margin of 6.00%. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the business posted $0.16 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that News Co. will post 1.24 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 14th will be paid a $0.10 dividend. This represents a yield of 1.1%. The ex-dividend date is Tuesday, September 13th. News’s dividend payout ratio (DPR) is presently 18.87%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. TheStreet downgraded News from a “b” rating to a “c” rating in a research report on Thursday, May 5th. Macquarie downgraded News from an “outperform” rating to a “neutral” rating and set a $21.10 target price on the stock. in a research report on Thursday, July 28th. Finally, Guggenheim cut their price objective on News from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st.

News Profile

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News Corporation, a media and information services company, focuses on creating and distributing content 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. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron’s, MarketWatch, and Investor’s Business Daily through various media channels, such as newspapers, newswires, websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, videos, and podcasts.

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