News Corporation (NASDAQ:NWS) Stake Maintained by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund maintained its stake in News Corporation (NASDAQ:NWS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,456 shares of the company’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in News Corporation were worth $176,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in shares of News Corporation during the first quarter valued at about $506,000. Tyers Asset Management LLC increased its position in News Corporation by 8.4% in the first quarter. Tyers Asset Management LLC now owns 20,880 shares of the company’s stock valued at $282,000 after buying an additional 1,616 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in News Corporation during the first quarter valued at $244,000. Glen Harbor Capital Management LLC increased its position in News Corporation by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 44,370 shares of the company’s stock valued at $599,000 after buying an additional 3,434 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in News Corporation by 2.0% in the first quarter. Retirement Systems of Alabama now owns 57,901 shares of the company’s stock valued at $782,000 after buying an additional 1,129 shares in the last quarter. Institutional investors own 9.94% of the company’s stock.

News Corporation (NASDAQ NWS) opened at 13.75 on Friday. The stock’s market capitalization is $8.00 billion. News Corporation has a 52 week low of $11.25 and a 52 week high of $15.22. The firm’s 50-day moving average is $14.20 and its 200-day moving average is $13.52.

News Corporation (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The company had revenue of $2.08 billion for the quarter. On average, equities research analysts predict that News Corporation will post $1.39 EPS for the current fiscal year.

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 paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.45%. News Corporation’s dividend payout ratio is currently -15.63%.

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NWS has been the topic of several research reports. BidaskClub raised shares of News Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Citigroup Inc. raised shares of News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently 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.

Institutional Ownership by Quarter for News Corporation (NASDAQ:NWS)

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