Northern Trust Corp cut its holdings in shares of News Corporation (NASDAQ:NWS) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,138,126 shares of the company’s stock after selling 38,465 shares during the period. Northern Trust Corp owned about 0.20% of News Corporation worth $16,104,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of NWS. LS Investment Advisors LLC raised its holdings in News Corporation by 15.3% during the 2nd quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after purchasing an additional 1,010 shares during the last quarter. CIBC Asset Management Inc raised its holdings in News Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock worth $147,000 after purchasing an additional 35 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in News Corporation by 3.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,210 shares of the company’s stock worth $159,000 after purchasing an additional 425 shares during the last quarter. Marshall Wace North America L.P. bought a new position in News Corporation during the 2nd quarter worth approximately $160,000. Finally, Amalgamated Bank bought a new position in News Corporation during the 2nd quarter worth approximately $193,000. Institutional investors and hedge funds own 9.72% of the company’s stock.
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Several research analysts have issued reports on NWS shares. BidaskClub upgraded shares of News Corporation from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th.
News Corporation (NASDAQ:NWS) opened at 14.15 on Tuesday. The company’s market cap is $8.23 billion. The firm’s 50-day moving average is $13.73 and its 200 day moving average is $13.77. News Corporation has a 12-month low of $11.25 and a 12-month high of $14.90.
News Corporation (NASDAQ:NWS) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $2.08 billion during the quarter. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. On average, equities analysts expect that News Corporation will post $1.39 earnings per share for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.10 per share. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, September 12th. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.
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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