Nuveen Asset Management LLC maintained its position in shares of News Corporation (NASDAQ:NWS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,467 shares of the company’s stock at the end of the first quarter. Nuveen Asset Management LLC’s holdings in News Corporation were worth $924,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of NWS. Norges Bank acquired a new position in shares of News Corporation during the fourth quarter worth about $14,029,000. Prudential Financial Inc. boosted its position in shares of News Corporation by 4.5% in the first quarter. Prudential Financial Inc. now owns 145,012 shares of the company’s stock worth $1,958,000 after buying an additional 6,300 shares in the last quarter. Hartford Investment Management Co. raised its stake in shares of News Corporation by 8.8% in the first quarter. Hartford Investment Management Co. now owns 30,750 shares of the company’s stock valued at $415,000 after buying an additional 2,477 shares during the last quarter. Comerica Bank raised its stake in shares of News Corporation by 2.3% in the fourth quarter. Comerica Bank now owns 29,020 shares of the company’s stock valued at $361,000 after buying an additional 640 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of News Corporation by 1.2% in the first quarter. Capstone Asset Management Co. now owns 13,700 shares of the company’s stock valued at $185,000 after buying an additional 160 shares during the last quarter. 9.95% of the stock is currently owned by institutional investors and hedge funds.
News Corporation (NWS) opened at 13.80 on Friday. The firm’s market cap is $8.03 billion. The company’s 50 day moving average is $14.25 and its 200-day moving average is $13.48. News Corporation has a 1-year low of $11.25 and a 1-year high of $15.22.
News Corporation (NASDAQ:NWS) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The business had revenue of $2.08 billion for the quarter. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.81%. On average, analysts predict that News Corporation will post $1.39 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.10 per share. This represents a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.
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Several equities research analysts have commented on the stock. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. BidaskClub lowered shares of News Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. News Corporation currently has an average rating of “Hold”.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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