News Co. (NASDAQ:NWSA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in News Co. (NASDAQ:NWSA) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,184 shares of the company’s stock after selling 4,402 shares during the period. State of New Jersey Common Pension Fund D’s holdings in News were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. International Assets Investment Management LLC acquired a new stake in shares of News during the second quarter worth about $26,000. Acadian Asset Management LLC lifted its holdings in shares of News by 95.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the period. Covestor Ltd boosted its stake in shares of News by 125.8% in the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock worth $45,000 after buying an additional 962 shares during the last quarter. Innealta Capital LLC acquired a new stake in News during the second quarter worth about $46,000. Finally, Family Firm Inc. purchased a new position in News during the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Stock Performance

NWSA opened at $29.33 on Wednesday. The firm’s fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $26.86. News Co. has a 52-week low of $20.35 and a 52-week high of $30.03. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 47.31 and a beta of 1.34. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

NWSA has been the subject of several recent research reports. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday. Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Loop Capital lifted their price target on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.67.

About News

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.