Amundi Has $7.04 Million Holdings 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 raised its stake in News Corporation (NASDAQ:NWS - Free Report) by 16.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,051 shares of the company's stock after purchasing an additional 33,283 shares during the quarter. Amundi's holdings in News were worth $7,035,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Independent Franchise Partners LLP raised its stake in shares of News by 0.8% in the 1st 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 during the period. Vanguard Group Inc. raised its stake in shares of News by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock valued at $208,924,000 after acquiring an additional 344,036 shares during the period. Metropolis Capital Ltd raised its stake in shares of News by 11.8% in the 1st quarter. Metropolis Capital Ltd now owns 609,566 shares of the company's stock valued at $18,513,000 after acquiring an additional 64,248 shares during the period. Deutsche Bank AG increased its stake in News by 58.0% during the 4th quarter. Deutsche Bank AG now owns 362,992 shares of the company's stock worth $11,046,000 after buying an additional 133,224 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in News by 60.2% during the 1st quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company's stock worth $10,841,000 after buying an additional 134,148 shares during the period. Hedge funds and other institutional investors own 14.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

News Price Performance

NWS stock traded down $0.05 on Tuesday, hitting $32.80. 1,975,036 shares of the company's stock traded hands, compared to its average volume of 1,324,446. News Corporation has a 1-year low of $26.25 and a 1-year high of $35.58. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 15.77 and a beta of 1.18. The stock has a fifty day moving average of $33.71 and a 200-day moving average of $32.35. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21.

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

News Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a yield of 63.0%. News's dividend payout ratio is 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.