News Corporation (NASDAQ:NWS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of News Corporation (NASDAQ:NWS - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 824,641 shares of the company's stock after selling 20,605 shares during the quarter. Bank of New York Mellon Corp owned 0.15% of News worth $25,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NWS. Dorsey Wright & Associates lifted its position in News by 0.3% during the fourth quarter. Dorsey Wright & Associates now owns 109,785 shares of the company's stock valued at $3,341,000 after acquiring an additional 330 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in shares of News by 13.9% in the fourth quarter. iA Global Asset Management Inc. now owns 3,195 shares of the company's stock worth $97,000 after buying an additional 390 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of News by 1.5% in the fourth quarter. American Century Companies Inc. now owns 29,896 shares of the company's stock worth $910,000 after buying an additional 429 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of News by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 29,660 shares of the company's stock worth $903,000 after buying an additional 450 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of News by 20.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company's stock worth $97,000 after buying an additional 542 shares during the last quarter. 14.63% of the stock is currently owned by hedge funds and other institutional investors.

News Stock Performance

NASDAQ:NWS traded down $0.36 during mid-day trading on Friday, hitting $34.46. The company's stock had a trading volume of 781,930 shares, compared to its average volume of 721,239. News Corporation has a 1 year low of $26.04 and a 1 year high of $35.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.60. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 40.07 and a beta of 1.23. The business's fifty day moving average is $33.09 and its two-hundred day moving average is $31.88.

News (NASDAQ:NWS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). News had a net margin of 5.18% and a return on equity of 5.64%. The firm had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. Analysts anticipate that News Corporation will post 1.03 EPS for the current fiscal year.

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.