Rhumbline Advisers raised its stake in News Corp (NASDAQ:NWS) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,145 shares of the company’s stock after acquiring an additional 4,519 shares during the period. Rhumbline Advisers’ holdings in News were worth $3,256,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NWS. Mint Tower Capital Management B.V. acquired a new position in shares of News during the 3rd quarter worth $120,000. ING Groep NV acquired a new position in shares of News during the 3rd quarter worth $144,000. Crossmark Global Holdings Inc. acquired a new position in shares of News during the 3rd quarter worth $230,000. BB&T Corp raised its holdings in shares of News by 29.4% during the 4th quarter. BB&T Corp now owns 15,924 shares of the company’s stock worth $264,000 after buying an additional 3,619 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of News by 68.1% during the 4th quarter. State of Alaska Department of Revenue now owns 17,520 shares of the company’s stock worth $289,000 after buying an additional 7,100 shares in the last quarter. 10.17% of the stock is owned by hedge funds and other institutional investors.
News Corp (NASDAQ:NWS) opened at $16.75 on Friday. News Corp has a fifty-two week low of $12.60 and a fifty-two week high of $17.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $9,702.59, a PE ratio of 33.98 and a beta of 1.87.
News (NASDAQ:NWS) last issued its earnings results on Thursday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter. News had a positive return on equity of 2.52% and a negative net margin of 5.41%. The business had revenue of $2.18 billion during the quarter.
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 issued a $0.10 dividend. The ex-dividend date is Tuesday, March 13th. This represents a yield of 1.25%. News’s payout ratio is presently -25.97%.
NWS has been the subject of a number of research analyst reports. TheStreet raised News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. BidaskClub cut News from a “buy” rating to a “hold” rating in a report on Friday, December 15th.
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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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