News Corporation $NWS Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in News Corporation (NASDAQ:NWS) by 99.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,448 shares of the company’s stock after selling 2,512,542 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in News were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NWS. Dimensional Fund Advisors LP grew its position in shares of News by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,977 shares of the company’s stock worth $50,233,000 after purchasing an additional 46,837 shares in the last quarter. Bank of America Corp DE raised its stake in News by 102.7% during the 1st quarter. Bank of America Corp DE now owns 844,576 shares of the company’s stock valued at $24,079,000 after purchasing an additional 427,841 shares during the period. Bank of New York Mellon Corp lifted its holdings in News by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 699,074 shares of the company’s stock worth $19,931,000 after purchasing an additional 2,193 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in News by 128.0% in the 1st quarter. Quantinno Capital Management LP now owns 681,468 shares of the company’s stock worth $19,429,000 after purchasing an additional 382,644 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in News by 60.4% in the 4th quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock worth $7,971,000 after purchasing an additional 101,018 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Trading Down 2.1%

Shares of NWS stock opened at $32.76 on Wednesday. The company’s fifty day simple moving average is $33.12 and its two-hundred day simple moving average is $30.42. News Corporation has a 52 week low of $25.49 and a 52 week high of $35.76.

News (NASDAQ:NWS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.25 billion. On average, sell-side analysts forecast that News Corporation will post 1.31 EPS for the current fiscal year.

News Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a yield of 60.0%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NWS shares. Weiss Ratings raised shares of News from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Zacks Research cut shares of News from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company with businesses spanning news, publishing, digital real estate services and subscription-based content. The company operates through a portfolio of brands that serve consumers, professionals and businesses across multiple markets.

Its major operations include Dow Jones, which provides business news, financial information and data through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which publish newspapers and digital news platforms; and HarperCollins Publishers, a global book publishing company.