First Quadrant L P CA raised its position in shares of News Corporation (NASDAQ:NWS) by 69.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,907 shares of the company’s stock after buying an additional 129,214 shares during the period. First Quadrant L P CA owned about 0.05% of News Corporation worth $4,456,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of NWS. LS Investment Advisors LLC increased its position in News Corporation by 15.3% in the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after buying an additional 1,010 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock worth $146,000 after buying an additional 138 shares during the period. QUANTRES ASSET MANAGEMENT Ltd increased its position in shares of News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock worth $151,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc increased its position in shares of News Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 11,934 shares of the company’s stock worth $161,000 after buying an additional 136 shares during the period. Finally, New Mexico Educational Retirement Board increased its position in shares of News Corporation by 11.0% in the first quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the company’s stock worth $163,000 after buying an additional 1,200 shares during the period. 9.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of News Corporation (NASDAQ NWS) remained flat at $13.65 during midday trading on Thursday. 368,675 shares of the stock were exchanged. News Corporation has a 52-week low of $11.25 and a 52-week high of $15.22. The stock’s market cap is $7.94 billion. The stock’s 50-day moving average price is $14.22 and its 200 day moving average price is $13.51.
News Corporation (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $2.08 billion for the quarter. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. Equities analysts forecast that News Corporation will post $1.39 EPS for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be issued a $0.10 dividend. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s dividend payout ratio is presently -15.63%.
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A number of equities analysts recently weighed in on NWS shares. BidaskClub raised shares of News Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. upgraded News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. News Corporation currently has a consensus rating of “Hold”.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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