Rhumbline Advisers lifted its position in shares of News Corp (NASDAQ:NWS) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,145 shares of the company’s stock after buying an additional 4,519 shares during the period. Rhumbline Advisers’ holdings in News were worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank increased its holdings in shares of News by 10.3% during the 4th quarter. Toronto Dominion Bank now owns 45,278 shares of the company’s stock worth $751,000 after buying an additional 4,230 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in News by 9.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 42,858 shares of the company’s stock valued at $585,000 after purchasing an additional 3,524 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in News by 4.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 595,990 shares of the company’s stock valued at $8,136,000 after purchasing an additional 23,315 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in News by 51.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 67,197 shares of the company’s stock valued at $917,000 after purchasing an additional 22,917 shares during the last quarter. Finally, KCS Wealth Advisory acquired a new stake in News in the 4th quarter valued at approximately $486,000. Institutional investors and hedge funds own 10.18% of the company’s stock.
Shares of News Corp (NASDAQ:NWS) opened at $16.70 on Friday. News Corp has a 1-year low of $12.60 and a 1-year 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 firm has a market cap of $9,848.27, a P/E ratio of 34.49 and a beta of 1.87.
News (NASDAQ:NWS) last posted its earnings results on Thursday, February 8th. The company reported $0.24 earnings per share for the quarter. News had a negative net margin of 5.41% and a positive return on equity of 2.52%. The firm had revenue of $2.18 billion during the quarter.
The firm also recently declared 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 is Tuesday, March 13th. This represents a yield of 1.25%. News’s dividend payout ratio is presently -25.97%.
Several analysts recently weighed in on NWS shares. TheStreet upgraded shares of News from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. BidaskClub downgraded shares of News from a “buy” rating to a “hold” rating in a report on Friday, December 15th.
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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