Baker Ellis Asset Management LLC Has $1.53 Million 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 lifted its position in shares of News Corporation (NASDAQ:NWS - Free Report) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,560 shares of the company's stock after buying an additional 10,700 shares during the quarter. Baker Ellis Asset Management LLC's holdings in News were worth $1,529,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. boosted its stake in News by 75.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company's stock worth $29,000 after acquiring an additional 414 shares in the last quarter. CWM LLC boosted its stake in News by 9.6% during the first quarter. CWM LLC now owns 4,837 shares of the company's stock worth $147,000 after acquiring an additional 425 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in 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 acquiring an additional 542 shares in the last quarter. Wedmont Private Capital boosted its stake in News by 7.7% during the first quarter. Wedmont Private Capital now owns 8,578 shares of the company's stock worth $259,000 after acquiring an additional 615 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in News by 10.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company's stock worth $215,000 after acquiring an additional 655 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

News Price Performance

NWS opened at $32.27 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The company's 50-day moving average is $33.76 and its 200 day moving average is $32.34. News Corporation has a fifty-two week low of $26.25 and a fifty-two week high of $35.58. The firm has a market capitalization of $18.23 billion, a P/E ratio of 15.51 and a beta of 1.18.

News (NASDAQ:NWS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. Research analysts expect that News Corporation will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.10 per share. This represents a yield of 63.0%. The ex-dividend date is Wednesday, September 10th. News's dividend payout ratio (DPR) is 9.62%.

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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

News 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.

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