Toronto Dominion Bank Cuts Stock Position in News Co. (NASDAQ:NWS)

Toronto Dominion Bank decreased its holdings in shares of News Co. (NASDAQ:NWS) by 7.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,326 shares of the company’s stock after selling 3,482 shares during the quarter. Toronto Dominion Bank’s holdings in News were worth $1,155,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NWS. Y Intercept Hong Kong Ltd purchased a new stake in News during the third quarter valued at approximately $369,000. MML Investors Services LLC increased its position in shares of News by 37.3% during the 3rd quarter. MML Investors Services LLC now owns 9,687 shares of the company’s stock valued at $271,000 after purchasing an additional 2,633 shares during the last quarter. Dorsey Wright & Associates raised its holdings in News by 0.5% during the 3rd quarter. Dorsey Wright & Associates now owns 109,455 shares of the company’s stock valued at $3,059,000 after buying an additional 549 shares during the period. National Bank of Canada FI lifted its position in News by 82.8% in the third quarter. National Bank of Canada FI now owns 57,255 shares of the company’s stock worth $1,600,000 after buying an additional 25,927 shares during the last quarter. Finally, State Street Corp boosted its stake in News by 4.4% during the third quarter. State Street Corp now owns 7,069,813 shares of the company’s stock worth $198,254,000 after buying an additional 295,631 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Down 0.3 %

Shares of NASDAQ NWS opened at $31.35 on Tuesday. The company has a market cap of $17.83 billion, a P/E ratio of 50.56 and a beta of 1.38. The firm has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $28.92. News Co. has a 1 year low of $23.99 and a 1 year high of $32.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Analyst Upgrades and Downgrades

Separately, Loop Capital upgraded shares of News to a “strong-buy” rating in a report on Tuesday, September 10th.

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.