SG Americas Securities LLC trimmed its stake in shares of News Corp (NASDAQ:NWS) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,211 shares of the company’s stock after selling 4,838 shares during the quarter. SG Americas Securities LLC’s holdings in News were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in News by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock worth $22,206,000 after buying an additional 70,484 shares during the period. Independent Franchise Partners LLP lifted its holdings in News by 21.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 1,452,147 shares of the company’s stock worth $19,821,000 after buying an additional 254,561 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in News by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 608,012 shares of the company’s stock worth $10,093,000 after buying an additional 12,022 shares during the period. First Quadrant L P CA lifted its holdings in News by 10.8% in the 4th quarter. First Quadrant L P CA now owns 406,205 shares of the company’s stock worth $6,743,000 after buying an additional 39,604 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in News by 2.2% in the 3rd quarter. California Public Employees Retirement System now owns 280,500 shares of the company’s stock worth $3,829,000 after buying an additional 6,100 shares during the period. Institutional investors and hedge funds own 9.62% of the company’s stock.
Several equities research analysts have weighed in on NWS shares. BidaskClub upgraded News from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. TheStreet upgraded News from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th.
News Corp (NASDAQ:NWS) opened at $16.45 on Tuesday. The company has a market capitalization of $9,510.00, a P/E ratio of -21.36 and a beta of 1.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.64. News Corp has a one year low of $12.50 and a one year high of $17.70.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid a $0.10 dividend. This represents a dividend yield of 1.25%. The ex-dividend date is Tuesday, March 13th. News’s payout ratio is presently -25.97%.
In other 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 value 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 SEC, which is available at the SEC website. 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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