Chevy Chase Trust Holdings Inc. lowered its position in News Corporation (NASDAQ:NWS) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 103,225 shares of the company’s stock after selling 68 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in News Corporation were worth $1,460,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of NWS. Advisors Asset Management Inc. raised its stake in News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock worth $146,000 after buying an additional 138 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd raised its stake in News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock worth $151,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc raised its stake in News Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 11,934 shares of the company’s stock worth $161,000 after buying an additional 136 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in News Corporation by 11.0% in the first quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the company’s stock worth $163,000 after buying an additional 1,200 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in News Corporation during the first quarter worth approximately $169,000. Hedge funds and other institutional investors own 9.94% of the company’s stock.
Shares of News Corporation (NASDAQ NWS) traded up 0.73% during midday trading on Friday, reaching $13.75. The company had a trading volume of 727,982 shares. The stock’s market capitalization is $8.00 billion. News Corporation has a 12-month low of $11.25 and a 12-month high of $15.22. The stock’s 50 day moving average is $14.20 and its 200-day moving average is $13.52.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 12th. This represents a yield of 1.45%. News Corporation’s payout ratio is currently -15.63%.
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NWS has been the topic of a number of research analyst reports. BidaskClub raised News Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Citigroup Inc. raised News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus 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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