Cetera Investment Advisers Acquires 22,421 Shares of News Corporation (NASDAQ:NWS)

Key Points

• Cetera Investment Advisers increased its holdings in News Corporation by 60.3% and now owns 59,592 shares valued at approximately $1.81 million.
• News Corporation reported $0.19 EPS for the quarter, slightly surpassing analysts' expectations of $0.18, with revenues of $2.11 billion.
• The company announced a semi-annual dividend of $0.10 per share, with a payout ratio of 9.62%, set to be paid on October 8th.

Cetera Investment Advisers lifted its holdings in shares of News Corporation (NASDAQ:NWS - Free Report) by 60.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,592 shares of the company's stock after buying an additional 22,421 shares during the period. Cetera Investment Advisers' holdings in News were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Dorsey Wright & Associates boosted its position in shares of News by 2.4% during the first quarter. Dorsey Wright & Associates now owns 112,409 shares of the company's stock valued at $3,414,000 after buying an additional 2,624 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in News in the first quarter valued at about $233,000. CWM LLC lifted its holdings in News by 9.6% in the first quarter. CWM LLC now owns 4,837 shares of the company's stock valued at $147,000 after acquiring an additional 425 shares during the period. New York State Common Retirement Fund lifted its holdings in News by 22.8% in the first quarter. New York State Common Retirement Fund now owns 66,191 shares of the company's stock valued at $2,010,000 after acquiring an additional 12,300 shares during the period. Finally, Xponance Inc. lifted its holdings in News by 5.3% in the first quarter. Xponance Inc. now owns 31,500 shares of the company's stock valued at $957,000 after acquiring an additional 1,588 shares during the period. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Stock Performance

NWS stock traded down $0.59 during trading on Friday, reaching $32.95. The stock had a trading volume of 832,168 shares, compared to its average volume of 733,379. News Corporation has a 52 week low of $26.25 and a 52 week high of $35.58. The stock's 50 day moving average is $33.35 and its two-hundred day moving average is $32.22. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The firm has a market cap of $18.65 billion, a PE ratio of 15.84 and a beta of 1.23.

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

News Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. This represents a yield of 60.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News's dividend payout ratio (DPR) is 9.62%.

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.