Trust Investment Advisors Invests $215,000 in News Co. (NASDAQ:NWS)

Trust Investment Advisors bought a new position in shares of News Co. (NASDAQ:NWS) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 8,367 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in News by 22.9% in the 1st quarter. JPMorgan Chase & Co. now owns 85,378 shares of the company’s stock worth $1,924,000 after acquiring an additional 15,882 shares during the last quarter. American Century Companies Inc. increased its holdings in News by 10.7% in the 1st quarter. American Century Companies Inc. now owns 16,619 shares of the company’s stock worth $374,000 after acquiring an additional 1,604 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in News by 8.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,854 shares of the company’s stock worth $267,000 after acquiring an additional 902 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in News by 56.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 35,417 shares of the company’s stock worth $798,000 after acquiring an additional 12,714 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in News by 63.3% in the 1st quarter. Acadian Asset Management LLC now owns 27,884 shares of the company’s stock worth $626,000 after acquiring an additional 10,813 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Stock Performance

NWS traded down $0.14 during trading hours on Thursday, hitting $24.81. The stock had a trading volume of 659,120 shares, compared to its average volume of 776,390. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $14.17 billion, a PE ratio of 62.53 and a beta of 1.35. News Co. has a 1 year low of $16.49 and a 1 year high of $28.92. The company’s fifty day simple moving average is $26.85 and its 200 day simple moving average is $24.67.

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

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 10th. Investors of record on Wednesday, March 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a yield of 0.7%. News’s payout ratio is 50.00%.

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