Toronto Dominion Bank Purchases 3,526 Shares of News Co. (NASDAQ:NWS)

Toronto Dominion Bank increased its stake in News Co. (NASDAQ:NWS) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,852 shares of the company’s stock after buying an additional 3,526 shares during the quarter. Toronto Dominion Bank’s holdings in News were worth $1,365,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NWS. Wilmington Savings Fund Society FSB lifted its position in News by 123.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 935 shares of the company’s stock worth $28,000 after buying an additional 517 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in News by 136.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,217 shares of the company’s stock worth $37,000 after buying an additional 702 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in News in the fourth quarter worth $43,000. Mufg Securities Americas Inc. purchased a new stake in News in the fourth quarter worth $50,000. Finally, Harvest Fund Management Co. Ltd increased its stake in News by 2,892.8% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,065 shares of the company’s stock worth $61,000 after purchasing an additional 1,996 shares during the period. 14.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Seaport Res Ptn upgraded News to a “strong-buy” rating in a research note on Friday, January 31st.

News Stock Performance

NWS stock opened at $32.47 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $30.91 and its two-hundred day simple moving average is $31.45. News Co. has a twelve month low of $26.04 and a twelve month high of $35.25. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 44.48 and a beta of 1.28.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. Analysts predict that News Co. will post 1.03 earnings per share for the current year.

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