Metropolis Capital Ltd Purchases 75,163 Shares of News Corporation $NWS

Key Points

• Metropolis Capital Ltd increased its holdings in News Corporation by 12.3% during the second quarter, now owning a total of 684,729 shares valued at $23.5 million.
• News Corporation recently announced a semi-annual dividend of $0.10 per share, with a payout set for October 8th, representing a 63.0% yield.
• Shares of News Corporation are currently trading down 6.0% and have a PE ratio of 15.61, indicating mixed performance in the market.

Metropolis Capital Ltd increased its position in shares of News Corporation (NASDAQ:NWS - Free Report) by 12.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 684,729 shares of the company's stock after purchasing an additional 75,163 shares during the period. News comprises about 0.7% of Metropolis Capital Ltd's investment portfolio, making the stock its 16th largest position. Metropolis Capital Ltd owned about 0.12% of News worth $23,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NWS. Fifth Third Bancorp boosted its stake in News by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 8,805 shares of the company's stock valued at $302,000 after buying an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in News by 75.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company's stock valued at $29,000 after buying an additional 414 shares in the last quarter. Mather Group LLC. boosted its stake in News by 6.2% in the 2nd quarter. Mather Group LLC. now owns 7,130 shares of the company's stock valued at $245,000 after buying an additional 419 shares in the last quarter. CWM LLC boosted its stake in News by 9.6% in the first quarter. CWM LLC now owns 4,837 shares of the company's stock worth $147,000 after purchasing an additional 425 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in News by 20.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company's stock worth $97,000 after purchasing an additional 542 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Trading Down 6.0%

Shares of NWS opened at $32.46 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. News Corporation has a 12-month low of $26.25 and a 12-month high of $35.58. The firm has a market capitalization of $18.34 billion, a PE ratio of 15.61 and a beta of 1.17. The stock's fifty day simple moving average is $33.60 and its 200-day simple moving average is $32.52.

News (NASDAQ:NWS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. As a group, research analysts predict that News Corporation will post 1.03 earnings per share for the current year.

News Announces Dividend

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

Analyst Ratings Changes

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

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