Northern Trust Corp lessened its position in News Corporation (NASDAQ:NWS - Free Report) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 910,175 shares of the company's stock after selling 29,013 shares during the period. Northern Trust Corp owned about 0.16% of News worth $27,642,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NWS. Vanguard Group Inc. grew 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 acquiring an additional 344,036 shares during the period. GAMMA Investing LLC grew its position in shares of News by 4,373.6% in the 1st quarter. GAMMA Investing LLC now owns 348,496 shares of the company's stock valued at $11,475,000 after acquiring an additional 340,706 shares during the period. Nuveen LLC bought a new position in shares of News in the 1st quarter valued at about $8,393,000. Cooper Investors PTY Ltd. bought a new position in shares of News in the 1st quarter valued at about $7,155,000. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of News by 60.2% during the 1st quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company's stock worth $10,841,000 after buying an additional 134,148 shares during the period. Institutional investors own 14.63% of the company's stock.
News Price Performance
Shares of NASDAQ:NWS traded up $0.25 during midday trading on Thursday, hitting $33.14. The stock had a trading volume of 197,726 shares, compared to its average volume of 752,803. The company's 50-day moving average price is $33.97 and its 200-day moving average price is $32.37. The company has a market capitalization of $18.72 billion, a P/E ratio of 15.93 and a beta of 1.18. 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 fifty-two week low of $26.25 and a fifty-two week high of $35.58.
News (NASDAQ:NWS - Get Free Report) last issued its 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 company had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. As a group, equities research analysts predict that News Corporation will post 1.03 EPS for the current fiscal year.
News Announces Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be given a dividend of $0.10 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, September 10th. News's dividend payout ratio is currently 9.62%.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of News to a "strong sell" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Check Out Our Latest Research Report on NWS
About News
(
Free Report)
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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