30,912 Shares in News Corporation $NWS Bought by AXQ Capital LP

Key Points

• AXQ Capital LP acquired 30,912 shares of News Corporation, valued at approximately $867,000, during the second quarter. Institutional investors collectively own 14.63% of the company.
• Analysts have turned more positive on NWS: Zacks Research upgraded the stock to “strong buy,” while Weiss Ratings raised it to “buy.” MarketBeat reports an average rating of “Strong Buy.”
• News Corporation beat quarterly EPS expectations, reporting $0.35 versus the $0.24 consensus, on revenue of $2.25 billion. The company also declared a $0.10 per-share dividend payable October 7 to shareholders of record September 9.

AXQ Capital LP bought a new stake in News Corporation (NASDAQ:NWS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,912 shares of the company's stock, valued at approximately $867,000.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in News by 25.8% in the 1st quarter. Royal Bank of Canada now owns 64,630 shares of the company's stock valued at $1,962,000 after purchasing an additional 13,253 shares during the last quarter. AQR Capital Management LLC increased its holdings in News by 44.2% in the 1st quarter. AQR Capital Management LLC now owns 26,873 shares of the company's stock worth $816,000 after purchasing an additional 8,241 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in News by 10.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company's stock valued at $215,000 after purchasing an additional 655 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of News by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 307,560 shares of the company's stock valued at $9,341,000 after purchasing an additional 5,285 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of News during the first quarter worth about $287,000. Institutional investors and hedge funds own 14.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NWS shares. Zacks Research upgraded shares of News from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 28th. Weiss Ratings upgraded shares of News from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

News Stock Performance

NASDAQ:NWS opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.62. News Corporation has a fifty-two week low of $25.49 and a fifty-two week high of $35.76. The company has a 50 day simple moving average of $32.28 and a two-hundred day simple moving average of $30.00. The company has a market capitalization of $18.34 billion, a PE ratio of 32.91 and a beta of 0.90.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.09%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.25 billion. Research analysts anticipate that News Corporation will post 1.31 earnings per share for the current year.

News Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a dividend yield of 60.0%. News's dividend payout ratio (DPR) is 19.42%.

News Profile

News Corporation NASDAQ: NWS is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company's operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.

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