Baker Ellis Asset Management LLC Boosts Holdings in News Corporation $NWS

Key Points

• Baker Ellis Asset Management LLC increased its holdings in News Corporation by 31.6%, resulting in a total of 44,560 shares valued at approximately $1.53 million as of the latest SEC filing.
• News Corporation reported a quarterly earnings per share of $0.19, which surpassed analyst expectations of $0.18, along with a revenue of $2.11 billion against estimates of $2.09 billion.
• The company announced a semi-annual dividend of $0.10 per share, reflecting a yield of 63.0%, with the dividend payout ratio standing at 9.62%.

Baker Ellis Asset Management LLC increased its holdings in News Corporation (NASDAQ:NWS - Free Report) by 31.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,560 shares of the company's stock after buying an additional 10,700 shares during the period. Baker Ellis Asset Management LLC's holdings in News were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in News by 22.5% in the fourth quarter. Cetera Investment Advisers now owns 37,171 shares of the company's stock worth $1,131,000 after buying an additional 6,821 shares in the last quarter. Rhumbline Advisers increased its position in shares of News by 1.0% during the first quarter. Rhumbline Advisers now owns 205,729 shares of the company's stock worth $6,248,000 after purchasing an additional 2,072 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of News during the first quarter worth $377,000. Wealth Enhancement Advisory Services LLC increased its position in shares of News by 8.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,468 shares of the company's stock worth $409,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of News by 20.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company's stock worth $97,000 after purchasing an additional 542 shares in the last quarter. Institutional investors own 14.63% of the company's stock.

News Stock Performance

Shares of NWS traded up $0.33 during trading hours on Friday, reaching $33.89. 785,010 shares of the company traded hands, compared to its average volume of 853,032. The stock has a market capitalization of $19.15 billion, a P/E ratio of 16.28 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 12-month low of $26.25 and a 12-month high of $35.58. The business has a fifty day moving average price of $33.67 and a 200-day moving average price of $32.37.

News (NASDAQ:NWS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. News had a net margin of 13.21% and a return on equity of 5.66%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. Equities analysts anticipate that News Corporation will post 1.03 EPS for the current fiscal year.

News Dividend Announcement

The firm 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. This represents a yield of 63.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News's dividend payout ratio is presently 9.62%.

Wall Street Analyst Weigh In

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

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.