Robeco Institutional Asset Management B.V. Has $56.62 Million Stock Holdings in News Corporation $NWSA

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in News Corporation by over 1,025%, owning approximately 1.9 million shares valued at $56.62 million as of the latest SEC filing.
• The company recently announced a $0.10 dividend to be paid on October 8th, with a yield of 70.0%, reflecting a low dividend payout ratio of 9.62%.
• Analysts have generally expressed a positive outlook on News Corporation, with an average rating of "Buy" and a price target of $38.62, supported by a recent earnings report that met consensus estimates.

Robeco Institutional Asset Management B.V. lifted its stake in shares of News Corporation (NASDAQ:NWSA - Free Report) by 1,025.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,904,943 shares of the company's stock after purchasing an additional 1,735,668 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.34% of News worth $56,615,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sentry Investment Management LLC acquired a new stake in shares of News during the 1st quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of News by 12,084.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company's stock worth $43,000 after purchasing an additional 1,571 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of News during the 1st quarter worth $73,000. CX Institutional acquired a new stake in shares of News during the 1st quarter worth $76,000. Finally, Horizon Investments LLC grew its holdings in shares of News by 7.7% during the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company's stock worth $152,000 after purchasing an additional 398 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NWSA. Macquarie restated a "neutral" rating and set a $32.70 price objective on shares of News in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, News presently has an average rating of "Buy" and an average price target of $38.62.

News Price Performance

Shares of NWSA opened at $28.55 on Friday. News Corporation has a 1 year low of $23.38 and a 1 year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 13.73 and a beta of 1.17. The business has a 50-day moving average of $29.61 and a 200-day moving average of $28.41.

News (NASDAQ:NWSA - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The firm's revenue was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that News Corporation will post 0.94 earnings per share for the current year.

News Announces Dividend

The company also recently disclosed a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be paid a $0.10 dividend. This represents a yield of 70.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News's dividend payout ratio (DPR) is 9.62%.

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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