Cooper Investors PTY Ltd. Increases Position 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. increased its holdings in News Corporation (NASDAQ:NWS - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 280,286 shares of the company's stock after acquiring an additional 44,685 shares during the quarter. News makes up 1.7% of Cooper Investors PTY Ltd.'s portfolio, 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. Vanguard Group Inc. raised its position in shares of News by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock valued at $208,924,000 after purchasing an additional 344,036 shares in the last quarter. GAMMA Investing LLC grew its position in shares of News by 4,373.6% during the first quarter. GAMMA Investing LLC now owns 348,496 shares of the company's stock worth $11,475,000 after buying an additional 340,706 shares in the last quarter. Nuveen LLC bought a new stake in shares of News in the first quarter worth $8,393,000. Jefferies Financial Group Inc. raised its holdings in News by 60.2% in the first quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company's stock valued at $10,841,000 after acquiring an additional 134,148 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in News during the 1st quarter valued at $2,986,000. Institutional investors and hedge funds own 14.63% of the company's stock.

Analyst Upgrades and Downgrades

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

News Stock Up 1.2%

NWS stock opened at $33.56 on Friday. The firm has a fifty day moving average price of $33.67 and a two-hundred day moving average price of $32.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. News Corporation has a 1-year low of $26.25 and a 1-year high of $35.58. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 16.13 and a beta of 1.18.

News (NASDAQ:NWS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. Research analysts predict that News Corporation will post 1.03 EPS for the current year.

News Announces Dividend

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

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.

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