News (NASDAQ:NWS) Share Price Passes Above 200-Day Moving Average of $24.06

News Co. (NASDAQ:NWS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.06 and traded as high as $27.00. News shares last traded at $26.90, with a volume of 577,883 shares traded.

News Trading Up 0.9 %

The business has a fifty day moving average price of $26.68 and a 200 day moving average price of $24.12. The company has a market capitalization of $15.49 billion, a PE ratio of 67.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44.

News (NASDAQ:NWS) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 EPS for the quarter. The company had revenue of $2.59 billion for the quarter. News had a return on equity of 4.14% and a net margin of 2.29%.

News Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is 50.00%.

Institutional Investors Weigh In On News

Several hedge funds have recently modified their holdings of NWS. Price T Rowe Associates Inc. MD raised its holdings in shares of News by 2,544.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,742,576 shares of the company’s stock valued at $82,664,000 after buying an additional 4,563,248 shares during the period. Lazard Asset Management LLC raised its holdings in shares of News by 98,078.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,237,053 shares of the company’s stock valued at $22,811,000 after buying an additional 1,235,793 shares during the period. Sessa Capital IM L.P. acquired a new stake in News during the 4th quarter valued at approximately $20,834,000. National Bank of Canada FI grew its stake in News by 619.6% during the 3rd quarter. National Bank of Canada FI now owns 939,635 shares of the company’s stock valued at $19,544,000 after purchasing an additional 809,059 shares in the last quarter. Finally, Norges Bank acquired a new stake in News during the 4th quarter valued at approximately $14,232,000. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

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.