BB&T Corp lifted its holdings in shares of News Corp (NASDAQ:NWS) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,924 shares of the company’s stock after buying an additional 3,619 shares during the period. BB&T Corp’s holdings in News were worth $264,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of NWS. Cubist Systematic Strategies LLC raised its stake in shares of News by 9.0% in the third quarter. Cubist Systematic Strategies LLC now owns 42,858 shares of the company’s stock worth $585,000 after buying an additional 3,524 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in News by 3.1% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 121,010 shares of the company’s stock valued at $1,652,000 after purchasing an additional 3,645 shares during the period. California Public Employees Retirement System raised its stake in News by 1.8% during the 2nd quarter. California Public Employees Retirement System now owns 274,400 shares of the company’s stock valued at $3,883,000 after purchasing an additional 4,800 shares during the period. Nomura Holdings Inc. raised its stake in News by 111.7% during the 2nd quarter. Nomura Holdings Inc. now owns 9,100 shares of the company’s stock valued at $129,000 after purchasing an additional 4,802 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in News by 36.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 19,531 shares of the company’s stock valued at $267,000 after purchasing an additional 5,172 shares during the period. 9.46% of the stock is currently owned by institutional investors.
NWS has been the topic of several recent analyst reports. BidaskClub downgraded News from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. TheStreet raised News from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th.
News Corp (NASDAQ NWS) traded up $0.15 during midday trading on Thursday, reaching $16.70. The company’s stock had a trading volume of 369,300 shares, compared to its average volume of 464,709. The stock has a market cap of $9,642.38, a PE ratio of 33.78 and a beta of 1.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.56. News Corp has a fifty-two week low of $12.50 and a fifty-two week high of $17.70.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $0.10 per share. This represents a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 13th. News’s dividend payout ratio is presently -25.97%.
In other News news, CFO Kevin Halpin sold 2,468 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $16.66, for a total transaction of $41,116.88. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at approximately $166,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.40% of the company’s stock.
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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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