Wilmington Savings Fund Society FSB Acquires Shares of 3,180 News Co. (NASDAQ:NWSA)

Wilmington Savings Fund Society FSB purchased a new stake in News Co. (NASDAQ:NWSA) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 3,180 shares of the company’s stock, valued at approximately $85,000.

Several other institutional investors also recently bought and sold shares of NWSA. Barclays PLC raised its stake in News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Whale Rock Capital Management LLC acquired a new stake in shares of News in the third quarter valued at about $44,585,000. State Street Corp lifted its stake in shares of News by 6.1% in the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock worth $689,397,000 after buying an additional 1,476,224 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in News by 1,815.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after acquiring an additional 1,339,379 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in News by 230.1% during the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock valued at $28,951,000 after acquiring an additional 761,524 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Trading Up 0.9 %

Shares of NASDAQ:NWSA opened at $27.86 on Friday. News Co. has a 52 week low of $22.65 and a 52 week high of $30.03. The company’s 50 day moving average is $28.21 and its two-hundred day moving average is $27.50. The company has a market cap of $15.84 billion, a PE ratio of 44.94 and a beta of 1.35. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Loop Capital upped their price target on News from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Guggenheim raised their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

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.