Andra AP fonden Grows Position in News Corporation $NWSA

Andra AP fonden raised its position in shares of News Corporation (NASDAQ:NWSA - Free Report) by 1,767.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,900 shares of the company's stock after purchasing an additional 254,500 shares during the quarter. Andra AP fonden's holdings in News were worth $6,677,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its position in shares of News by 120.6% during the first quarter. Sei Investments Co. now owns 2,326,616 shares of the company's stock worth $58,002,000 after purchasing an additional 1,272,083 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in News by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,597 shares of the company's stock valued at $105,842,000 after buying an additional 94,368 shares in the last quarter. Bank of America Corp DE raised its position in shares of News by 80.9% during the first quarter. Bank of America Corp DE now owns 4,069,041 shares of the company's stock valued at $101,441,000 after buying an additional 1,819,652 shares during the last quarter. Nykredit A S purchased a new position in shares of News in the second quarter worth $1,807,000. Finally, Royal Bank of Canada boosted its position in shares of News by 54.5% during the first quarter. Royal Bank of Canada now owns 567,584 shares of the company's stock worth $14,149,000 after acquiring an additional 200,262 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.

News Price Performance

NWSA stock opened at $28.12 on Thursday. The stock has a market cap of $15.21 billion, a PE ratio of 27.30 and a beta of 0.91. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.66. The company has a 50-day moving average price of $29.27 and a 200 day moving average price of $26.95. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.14. News had a net margin of 6.35% and a return on equity of 7.09%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that News Corporation will post 1.31 earnings per share for the current year.

News Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a $0.10 dividend. This represents a yield of 68.0%. The ex-dividend date of this dividend is Wednesday, September 9th. News's dividend payout ratio (DPR) is currently 19.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NWSA shares. Weiss Ratings raised News from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their target price on News from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Friday, August 21st. Zacks Research lowered shares of News from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $35.00 price target on shares of News in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.50.

News Company Profile

News Corp is a global media and information-services company headquartered in New York. The company owns and operates businesses in news, publishing, digital real estate services and subscription-based information products, serving consumers, businesses and professional audiences across multiple markets.

Its portfolio includes Dow Jones, which provides business news, financial information and research through publications and services such as The Wall Street Journal and Barron's; News UK, publisher of The Times, The Sunday Times and The Sun; and News Corp Australia, which operates newspapers and digital media brands.

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