Janus Henderson Group PLC Makes New $1.16 Million Investment in News Corporation $NWS

Key Points

• Janus Henderson Group purchased 40,657 News Corp shares worth approximately $1.16 million in the first quarter. Institutional investors collectively own 14.63% of the company.
• News Corp reported quarterly EPS of $0.35, beating the $0.24 consensus estimate, while revenue matched expectations at $2.25 billion. Analysts currently assign the stock a “Moderate Buy” consensus rating.
• Shares opened at $32.50, above their 50-day and 200-day moving averages, with a market capitalization of approximately $17.79 billion. The company also announced a $0.10 per-share dividend payable October 7 to shareholders of record September 9.

Janus Henderson Group PLC acquired a new position in News Corporation (NASDAQ:NWS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,657 shares of the company's stock, valued at approximately $1,159,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of News by 25.8% in the first quarter. Royal Bank of Canada now owns 64,630 shares of the company's stock worth $1,962,000 after acquiring an additional 13,253 shares during the period. AQR Capital Management LLC raised its stake in shares of News by 44.2% during the 1st quarter. AQR Capital Management LLC now owns 26,873 shares of the company's stock valued at $816,000 after purchasing an additional 8,241 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in News by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,071 shares of the company's stock worth $215,000 after purchasing an additional 655 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in News by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 307,560 shares of the company's stock worth $9,341,000 after purchasing an additional 5,285 shares during the period. Finally, Empowered Funds LLC purchased a new position in News during the 1st quarter valued at about $287,000. Institutional investors own 14.63% of the company's stock.

Analyst Ratings Changes

NWS has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of News from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Zacks Research lowered shares of News from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, News presently has a consensus rating of "Moderate Buy".

News Price Performance

Shares of NASDAQ:NWS opened at $32.50 on Tuesday. The company's fifty day moving average price is $30.59 and its 200-day moving average price is $29.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.51. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 31.55 and a beta of 0.88. News Corporation has a one year low of $25.49 and a one year high of $35.31.

News (NASDAQ:NWS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.09%. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. On average, equities research analysts anticipate that News Corporation will post 1.31 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a $0.10 dividend. The ex-dividend date is Wednesday, September 9th. This represents a yield of 60.0%. News's payout ratio is presently 19.42%.

News Company Profile

News Corporation NASDAQ: NWS is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company's operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.

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