Amundi Has $7.04 Million Position in News Corporation $NWS

Key Points

• Amundi increased its stake in News Corporation by 16.2%, acquiring an additional 33,283 shares, bringing its total holdings to 239,051 shares valued at approximately $7 million.
• News Corporation recently announced a $0.10 semi-annual dividend, with an ex-dividend date of September 10th, representing a yield of 63.0%.
• Following its latest earnings report, where it reported earnings per share of $0.19, News Corporation received a mixed analyst rating, currently holding an average rating of "Moderate Buy."

Amundi lifted its position in shares of News Corporation (NASDAQ:NWS - Free Report) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,051 shares of the company's stock after purchasing an additional 33,283 shares during the period. Amundi's holdings in News were worth $7,035,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Independent Franchise Partners LLP raised its holdings in News by 0.8% in the first quarter. Independent Franchise Partners LLP now owns 9,728,572 shares of the company's stock valued at $295,457,000 after acquiring an additional 78,855 shares in the last quarter. Vanguard Group Inc. increased its stake in News by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock valued at $208,924,000 after purchasing an additional 344,036 shares during the last quarter. Metropolis Capital Ltd increased its stake in News by 11.8% during the first quarter. Metropolis Capital Ltd now owns 609,566 shares of the company's stock valued at $18,513,000 after purchasing an additional 64,248 shares during the last quarter. Deutsche Bank AG grew its position in shares of News by 58.0% during the fourth quarter. Deutsche Bank AG now owns 362,992 shares of the company's stock worth $11,046,000 after acquiring an additional 133,224 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its position in shares of News by 60.2% during the first quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company's stock worth $10,841,000 after acquiring an additional 134,148 shares during the last quarter. 14.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of News to a "strong sell" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, News currently has an average rating of "Moderate Buy".

News Price Performance

Shares of News stock remained flat at $32.27 during trading on Friday. 1,197,011 shares of the stock traded hands, compared to its average volume of 1,233,228. The stock's 50-day simple moving average is $33.76 and its 200 day simple moving average is $32.34. The stock has a market cap of $18.23 billion, a P/E ratio of 15.51 and a beta of 1.18. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. News Corporation has a 1-year low of $26.25 and a 1-year high of $35.58.

News (NASDAQ:NWS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. As a group, equities analysts expect that News Corporation will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a dividend yield of 63.0%. News's dividend payout ratio (DPR) is currently 9.62%.

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.