The Manufacturers Life Insurance Company raised its stake in shares of News Corp (NASDAQ:NWS) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,525 shares of the company’s stock after purchasing an additional 34,487 shares during the period. The Manufacturers Life Insurance Company’s holdings in News were worth $2,200,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mint Tower Capital Management B.V. purchased a new position in News during the third quarter valued at $120,000. ING Groep NV purchased a new position in News during the third quarter valued at $144,000. Crossmark Global Holdings Inc. purchased a new position in News during the third quarter valued at $230,000. BB&T Corp lifted its holdings in News by 29.4% during the fourth quarter. BB&T Corp now owns 15,924 shares of the company’s stock valued at $264,000 after purchasing an additional 3,619 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in News by 68.1% during the fourth quarter. State of Alaska Department of Revenue now owns 17,520 shares of the company’s stock valued at $289,000 after purchasing an additional 7,100 shares in the last quarter. 10.18% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. TheStreet downgraded shares of News from a “b-” rating to a “c+” rating in a report on Monday, February 12th. BidaskClub cut shares of News from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th.
Shares of NASDAQ NWS opened at $15.80 on Friday. The stock has a market capitalization of $9,323.81, a PE ratio of 32.65 and a beta of 1.83. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. News Corp has a 52 week low of $12.60 and a 52 week high of $17.70.
News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter. News had a negative net margin of 5.41% and a positive return on equity of 2.52%. The firm had revenue of $2.18 billion during the quarter.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be given 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.
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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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