Glenmede Trust Co. NA Has $10 Million Stock Holdings in News Co. (NASDAQ:NWSA)

Glenmede Trust Co. NA reduced its stake in News Co. (NASDAQ:NWSA) by 26.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,360 shares of the company’s stock after selling 135,651 shares during the period. Glenmede Trust Co. NA owned approximately 0.07% of News worth $9,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NWSA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in News by 59.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock valued at $1,987,000 after purchasing an additional 26,911 shares during the last quarter. Swedbank AB acquired a new stake in shares of News during the first quarter worth approximately $4,300,000. Lecap Asset Management Ltd. raised its stake in shares of News by 313.6% in the third quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock valued at $936,000 after acquiring an additional 26,648 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of News by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after acquiring an additional 61,417 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in News during the 3rd quarter worth approximately $990,000. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Up 1.0 %

Shares of NASDAQ NWSA opened at $29.35 on Friday. News Co. has a 1 year low of $21.52 and a 1 year high of $30.03. The firm’s 50-day moving average is $27.36 and its 200-day moving average is $27.22. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $16.69 billion, a PE ratio of 47.34 and a beta of 1.34.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Guggenheim boosted their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of News from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, Loop Capital raised their price target on shares of News from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.