News Corporation (NASDAQ:NWSA) Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in News Corporation by 1.6%, acquiring an additional 72,438 shares, bringing its total ownership to approximately 4.49 million shares valued at around $122 million.
• News Corporation's recent earnings report reflected a net margin of 13.21% and revenue growth, with earnings per share meeting the consensus estimate at $0.19.
• The company announced a dividend of $0.10 per share to be paid on October 8, which accounts for a dividend yield of approximately 70.0% based on its stock price.

Charles Schwab Investment Management Inc. boosted its position in News Corporation (NASDAQ:NWSA - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,492,665 shares of the company's stock after buying an additional 72,438 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.79% of News worth $122,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Optiver Holding B.V. purchased a new position in News during the fourth quarter worth about $31,000. Sentry Investment Management LLC purchased a new position in shares of News during the 1st quarter worth approximately $36,000. CX Institutional purchased a new position in shares of News during the 1st quarter worth approximately $76,000. Versant Capital Management Inc grew its stake in shares of News by 714.9% in the 1st quarter. Versant Capital Management Inc now owns 4,433 shares of the company's stock worth $121,000 after buying an additional 3,889 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in News by 53.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,600 shares of the company's stock valued at $125,000 after purchasing an additional 1,600 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NWSA has been the topic of a number of recent research reports. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Guggenheim reissued a "buy" rating and set a $45.00 price target on shares of News in a report on Thursday, May 15th. Finally, Macquarie reissued a "neutral" rating and set a $32.70 price target on shares of News in a report on Wednesday, August 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.12.

News Stock Down 0.9%

NASDAQ:NWSA traded down $0.28 during trading hours on Friday, reaching $29.53. The company's stock had a trading volume of 1,787,859 shares, compared to its average volume of 3,305,282. The company has a market capitalization of $16.71 billion, a P/E ratio of 14.20 and a beta of 1.23. News Corporation has a 12 month low of $23.38 and a 12 month high of $30.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84. The stock has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $28.09.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%. The firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter last year, the firm earned $0.17 EPS. The business's quarterly revenue was up .8% on a year-over-year basis. Equities analysts predict that News Corporation will post 0.94 EPS for the current fiscal year.

News Announces Dividend

The firm also recently declared a half year 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a yield of 70.0%. News's dividend payout ratio is presently 9.62%.

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.