Nuveen Asset Management LLC maintained its stake in shares of News Corporation (NASDAQ:NWS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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.
A number of other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of 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 during the last quarter. QUANTRES ASSET MANAGEMENT Ltd increased its position in shares of 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 during the last quarter. Advantus Capital Management Inc boosted its position 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 during the period. New Mexico Educational Retirement Board boosted its position 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 during the period. Finally, Cibc World Markets Corp bought a new position 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.
News Corporation (NWS) traded up 0.73% 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 price is $14.20 and its 200-day moving average price is $13.52.
News Corporation (NASDAQ:NWS) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The firm had revenue of $2.08 billion for the quarter. On average, equities research analysts anticipate that News Corporation will post $1.39 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.45%. News Corporation’s payout ratio is -15.63%.
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A number of research firms have commented on NWS. BidaskClub cut shares of News Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup Inc. raised shares of News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold”.
About News Corporation
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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