Cooper Investors PTY Ltd. Has $9.62 Million Stake in News Corporation $NWS

Key Points

• Cooper Investors PTY Ltd. increased its stake in News Corporation by 19.0%, owning 280,286 shares valued at approximately $9.6 million.
• Several other hedge funds have recently adjusted their positions in News, with Vanguard Group increasing its stake by 5.3% and GAMMA Investing growing its position by an impressive 4,373.6% in Q1.
• News Corporation announced a semi-annual dividend of $0.10 per share, which will be paid on October 8th, reflecting a dividend yield of 63.0%.

Cooper Investors PTY Ltd. raised its stake in News Corporation (NASDAQ:NWS - Free Report) by 19.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,286 shares of the company's stock after purchasing an additional 44,685 shares during the period. News makes up approximately 1.7% of Cooper Investors PTY Ltd.'s holdings, making the stock its 22nd biggest position. Cooper Investors PTY Ltd.'s holdings in News were worth $9,617,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in News by 22.5% in the 4th quarter. Cetera Investment Advisers now owns 37,171 shares of the company's stock valued at $1,131,000 after purchasing an additional 6,821 shares during the period. Rhumbline Advisers lifted its holdings in shares of News by 1.0% during the 1st quarter. Rhumbline Advisers now owns 205,729 shares of the company's stock worth $6,248,000 after acquiring an additional 2,072 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of News during the 1st quarter worth about $377,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of News by 8.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,468 shares of the company's stock worth $409,000 after acquiring an additional 1,024 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of News by 20.3% during the 1st 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 during the period. 14.63% of the stock is owned by institutional investors.

News Price Performance

Shares of NASDAQ NWS traded up $0.06 during trading on Tuesday, reaching $34.21. The company had a trading volume of 262,386 shares, compared to its average volume of 863,903. News Corporation has a 52 week low of $26.25 and a 52 week high of $35.58. The stock has a market cap of $19.33 billion, a PE ratio of 16.45 and a beta of 1.18. 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 business's 50 day moving average price is $33.66 and its 200-day moving average price is $32.40.

News (NASDAQ:NWS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $2.09 billion. Analysts expect that News Corporation will post 1.03 earnings per share for the current year.

News Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a dividend yield of 63.0%. News's payout ratio is currently 9.62%.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of News to a "strong sell" rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently 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.