Teachers Advisors LLC lifted its position in shares of News Corporation (NASDAQ:NWS) by 27.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 204,024 shares of the company’s stock after buying an additional 43,531 shares during the quarter. Teachers Advisors LLC’s holdings in News Corporation were worth $2,887,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its holdings in shares of News Corporation by 4.5% during 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. SG Americas Securities LLC raised its stake in News Corporation by 117.9% in the second quarter. SG Americas Securities LLC now owns 115,344 shares of the company’s stock valued at $1,632,000 after purchasing an additional 62,401 shares in the last quarter. LS Investment Advisors LLC raised its stake in News Corporation by 15.3% in the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock valued at $108,000 after purchasing an additional 1,010 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in News Corporation by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 572,675 shares of the company’s stock valued at $8,104,000 after purchasing an additional 44,881 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in News Corporation by 9.4% in the second quarter. Gamco Investors INC. ET AL now owns 794,554 shares of the company’s stock valued at $11,243,000 after purchasing an additional 68,540 shares in the last quarter. 9.62% of the stock is owned by institutional investors.
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News Corporation (NASDAQ:NWS) opened at 14.00 on Friday. The company’s market cap is $8.15 billion. The firm has a 50-day moving average price of $13.69 and a 200-day moving average price of $13.73. News Corporation has a 52-week low of $11.25 and a 52-week high of $14.90.
News Corporation (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating 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, analysts forecast that News Corporation will post $1.39 EPS for the current year.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a dividend yield of 1.45%. News Corporation’s payout ratio is currently -15.63%.
NWS has been the subject of a number of analyst reports. BidaskClub downgraded News Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. raised News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th.
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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