Wells Fargo & Company MN cut its stake in shares of News Corporation (NASDAQ:NWS) by 41.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 480,831 shares of the company’s stock after selling 336,333 shares during the quarter. Wells Fargo & Company MN owned approximately 0.08% of News Corporation worth $6,804,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in shares of News Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock worth $147,000 after buying an additional 35 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of News Corporation by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 19,065 shares of the company’s stock worth $257,000 after buying an additional 58 shares during the last quarter. Arizona State Retirement System lifted its stake in News Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 29,700 shares of the company’s stock valued at $401,000 after purchasing an additional 100 shares during the last quarter. Utah Retirement Systems lifted its stake in News Corporation by 0.5% in the second quarter. Utah Retirement Systems now owns 22,200 shares of the company’s stock valued at $314,000 after purchasing an additional 100 shares during the last quarter. Finally, Advantus Capital Management Inc lifted its stake in News Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 11,934 shares of the company’s stock valued at $161,000 after purchasing an additional 136 shares during the last quarter. 9.62% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on NWS shares. BidaskClub upgraded News Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Citigroup Inc. upgraded News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th.
News Corporation (NWS) opened at 13.95 on Wednesday. The company’s market cap is $8.12 billion. News Corporation has a 12-month low of $11.25 and a 12-month high of $14.90. The stock has a 50 day moving average of $13.62 and a 200 day moving average of $13.69.
News Corporation (NASDAQ:NWS) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The firm had revenue of $2.08 billion during the quarter. Equities analysts expect that News Corporation will post $1.39 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s dividend payout ratio is presently -15.63%.
News Corporation Profile
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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