111 Capital Has $295,000 Position in News Corporation $NWSA

Key Points

• 111 Capital has drastically reduced its holdings in News Corporation by 80.3%, now owning only 9,937 shares valued at $295,000, according to its latest SEC filing.
• Institutional investors, including Vanguard Group and Dodge & Cox, have increased their stakes in News Corporation, with Vanguard boosting its ownership by 1.6% in the first quarter.
• The company recently announced a half-year dividend of $0.10 per share, with a yield of 70.0%, to be paid on October 8th, while having a current payout ratio of 9.62%.

111 Capital lowered its holdings in shares of News Corporation (NASDAQ:NWSA - Free Report) by 80.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,937 shares of the company's stock after selling 40,557 shares during the period. 111 Capital's holdings in News were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of News by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 51,764,497 shares of the company's stock valued at $1,409,030,000 after purchasing an additional 812,180 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of News by 2.2% in the 1st quarter. Independent Franchise Partners LLP now owns 27,189,590 shares of the company's stock valued at $740,101,000 after purchasing an additional 572,331 shares in the last quarter. Dodge & Cox boosted its stake in shares of News by 18.7% in the 1st quarter. Dodge & Cox now owns 13,846,298 shares of the company's stock valued at $376,896,000 after purchasing an additional 2,183,613 shares in the last quarter. 59 North Capital Management LP boosted its stake in shares of News by 24.4% in the 1st quarter. 59 North Capital Management LP now owns 11,147,654 shares of the company's stock valued at $303,439,000 after purchasing an additional 2,185,542 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its stake in shares of News by 15.1% in the 2nd quarter. Metropolis Capital Ltd now owns 5,694,353 shares of the company's stock valued at $169,236,000 after purchasing an additional 747,744 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NWSA shares. JPMorgan Chase & Co. boosted their target price on shares of News from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Macquarie reiterated a "neutral" rating and set a $32.70 price target on shares of News in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of News in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $38.62.

News Stock Down 1.1%

Shares of NASDAQ NWSA opened at $28.06 on Tuesday. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 13.49 and a beta of 1.17. News Corporation has a 12-month low of $23.38 and a 12-month high of $31.61. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $29.56 and its 200 day simple moving average is $28.45.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%.The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. On average, research analysts expect that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently disclosed a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.10 per share. This represents a yield of 70.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News's payout ratio is currently 9.62%.

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.

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