Teza Capital Management LLC Decreases Holdings in News Corporation $NWS

Key Points

• Teza Capital Management LLC has reduced its stake in News Corporation by 61.7%, owning approximately 30,202 shares after selling 48,616 during the quarter.
• News Corporation has reported a net margin of 13.21% and earnings per share of $0.19, exceeding analysts' expectations of $0.18.
• The company declared a semi-annual dividend of $0.10 per share, with a yield of 60.0% for shareholders of record on September 10th.

Teza Capital Management LLC trimmed its holdings in shares of News Corporation (NASDAQ:NWS - Free Report) by 61.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,202 shares of the company's stock after selling 48,616 shares during the period. Teza Capital Management LLC's holdings in News were worth $917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Independent Franchise Partners LLP lifted its holdings in News by 0.8% during the 1st quarter. Independent Franchise Partners LLP now owns 9,728,572 shares of the company's stock worth $295,457,000 after buying an additional 78,855 shares during the last quarter. Vanguard Group Inc. lifted its holdings in News by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company's stock worth $208,924,000 after buying an additional 344,036 shares during the last quarter. Northern Trust Corp lifted its holdings in News by 1.2% during the 4th quarter. Northern Trust Corp now owns 939,188 shares of the company's stock worth $28,579,000 after buying an additional 10,716 shares during the last quarter. Metropolis Capital Ltd lifted its holdings in News by 11.8% during the 1st quarter. Metropolis Capital Ltd now owns 609,566 shares of the company's stock worth $18,513,000 after buying an additional 64,248 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in News by 45.7% during the 4th quarter. BNP Paribas Financial Markets now owns 365,124 shares of the company's stock worth $11,111,000 after buying an additional 114,542 shares during the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised News to a "strong sell" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, News has a consensus rating of "Moderate Buy".

News Stock Performance

NWS stock traded up $0.16 during trading on Friday, hitting $32.43. The company had a trading volume of 482,440 shares, compared to its average volume of 823,443. The firm has a market cap of $18.32 billion, a PE ratio of 15.59 and a beta of 1.18. News Corporation has a 1-year low of $26.25 and a 1-year high of $35.58. The firm has a 50-day moving average price of $33.80 and a 200-day moving average price of $32.33. 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 (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. The firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%. On average, analysts expect 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a dividend yield of 63.0%. News's payout ratio is 9.62%.

News Company 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.