Sumitomo Mitsui Trust Group Inc. Purchases 17,243 Shares of News Corporation (NASDAQ:NWS)

Sumitomo Mitsui Trust Group Inc. lifted its stake in News Corporation (NASDAQ:NWS - Free Report) by 61.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,242 shares of the company's stock after buying an additional 17,243 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in News were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NWS. Independent Franchise Partners LLP lifted its stake in News by 7.0% during the fourth quarter. Independent Franchise Partners LLP now owns 9,649,717 shares of the company's stock worth $293,641,000 after purchasing an additional 627,774 shares during the last quarter. Vanguard Group Inc. lifted its stake in News by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 6,535,237 shares of the company's stock worth $198,867,000 after purchasing an additional 138,680 shares during the last quarter. 59 North Capital Management LP lifted its stake in News by 29.4% during the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company's stock worth $132,237,000 after purchasing an additional 986,781 shares during the last quarter. Geode Capital Management LLC lifted its stake in News by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,855,707 shares of the company's stock worth $86,799,000 after purchasing an additional 13,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in News by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company's stock worth $59,799,000 after purchasing an additional 160,922 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Price Performance

Shares of News stock traded down $0.47 during midday trading on Monday, hitting $33.92. 725,104 shares of the company traded hands, compared to its average volume of 732,214. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 39.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. The firm's fifty day moving average price is $32.66 and its 200-day moving average price is $31.68. News Corporation has a 12 month low of $26.04 and a 12 month high of $35.25.

News (NASDAQ:NWS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). News had a net margin of 5.18% and a return on equity of 5.64%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2 billion. As a group, sell-side analysts forecast that News Corporation will post 1.03 earnings per share for the current year.

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.