News Corporation $NWS Holdings Trimmed by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC reduced its position in shares of News Corporation (NASDAQ:NWS) by 54.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,843 shares of the company’s stock after selling 53,158 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in News were worth $1,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of News during the second quarter valued at $30,000. Smartleaf Asset Management LLC lifted its stake in News by 97.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock worth $41,000 after acquiring an additional 580 shares in the last quarter. Assetmark Inc. lifted its stake in News by 572.8% in the 2nd quarter. Assetmark Inc. now owns 1,803 shares of the company’s stock worth $62,000 after acquiring an additional 1,535 shares in the last quarter. Mufg Securities Americas Inc. boosted its position in News by 24.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 2,470 shares of the company’s stock worth $85,000 after acquiring an additional 493 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in News by 226.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,907 shares of the company’s stock valued at $100,000 after acquiring an additional 2,016 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Ratings Changes

NWS has been the topic of a number of research reports. Zacks Research raised shares of News from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Weiss Ratings downgraded shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, News currently has a consensus rating of “Buy”.

News Trading Down 1.8%

Shares of NWS stock opened at $27.22 on Wednesday. The firm’s fifty day simple moving average is $28.48 and its 200 day simple moving average is $30.04. The firm has a market capitalization of $15.12 billion, a P/E ratio of 13.41 and a beta of 0.96. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.20. News Corporation has a 1 year low of $25.49 and a 1 year high of $35.58.

News (NASDAQ:NWS) last issued its earnings results on Thursday, February 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.25 by $0.15. News had a return on equity of 5.94% and a net margin of 13.35%.The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, sell-side analysts predict that News Corporation will post 1.03 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be given a $0.10 dividend. This represents a yield of 73.0%. The ex-dividend date is Wednesday, March 11th. News’s payout ratio is 9.85%.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.