Separately, BidaskClub upgraded News from a sell rating to a hold rating in a research report on Saturday, November 11th.
Shares of News (NASDAQ NWS) traded up $0.35 during mid-day trading on Monday, hitting $16.50. The company had a trading volume of 528,100 shares, compared to its average volume of 467,377. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. News has a twelve month low of $12.50 and a twelve month high of $17.70. The company has a market cap of $9,411.22, a P/E ratio of -20.97 and a beta of 1.90.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a yield of 1.25%. News’s dividend payout ratio is presently -25.97%.
In other News news, CFO Kevin Halpin sold 2,468 shares of the stock in a transaction dated 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 directly owns 10,000 shares in the company, valued at $166,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 39.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC raised its position in News by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 209,464 shares of the company’s stock valued at $3,477,000 after purchasing an additional 3,061 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of News by 9.0% during the third quarter. Cubist Systematic Strategies LLC now owns 42,858 shares of the company’s stock worth $585,000 after acquiring an additional 3,524 shares during the last quarter. BB&T Corp raised its position in shares of News by 29.4% during the fourth quarter. BB&T Corp now owns 15,924 shares of the company’s stock worth $264,000 after acquiring an additional 3,619 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of News by 3.1% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 121,010 shares of the company’s stock worth $1,652,000 after acquiring an additional 3,645 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of News by 10.3% during the fourth quarter. Toronto Dominion Bank now owns 45,278 shares of the company’s stock worth $751,000 after acquiring an additional 4,230 shares during the last quarter. Hedge funds and other institutional investors own 9.62% of the company’s stock.
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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