Artisan Partners Limited Partnership Sells 401,855 Shares of News Corporation (NWSA)

Artisan Partners Limited Partnership lowered its stake in News Corporation (NASDAQ:NWSA) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,414,459 shares of the company’s stock after selling 401,855 shares during the period. Artisan Partners Limited Partnership owned approximately 1.96% of News Corporation worth $156,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. Shell Asset Management Co. grew its position in News Corporation by 6.4% in the first quarter. Shell Asset Management Co. now owns 19,353 shares of the company’s stock worth $252,000 after acquiring an additional 1,166 shares in the last quarter. Wells Fargo & Company MN grew its position in News Corporation by 20.5% in the first quarter. Wells Fargo & Company MN now owns 496,807 shares of the company’s stock worth $6,459,000 after acquiring an additional 84,349 shares in the last quarter. Advisors Asset Management Inc. grew its position in News Corporation by 2.6% in the first quarter. Advisors Asset Management Inc. now owns 50,071 shares of the company’s stock worth $651,000 after acquiring an additional 1,262 shares in the last quarter. Daiwa Securities Group Inc. grew its position in News Corporation by 23.0% in the first quarter. Daiwa Securities Group Inc. now owns 11,237 shares of the company’s stock worth $146,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in News Corporation by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 3,532,729 shares of the company’s stock worth $45,926,000 after acquiring an additional 35,921 shares in the last quarter. Institutional investors own 60.62% of the company’s stock.

Shares of News Corporation (NASDAQ NWSA) traded up 0.61% on Monday, hitting $13.17. The company’s stock had a trading volume of 137,778 shares. The stock has a 50-day moving average price of $13.56 and a 200 day moving average price of $13.21. The firm’s market cap is $7.66 billion. News Corporation has a one year low of $10.99 and a one year high of $14.68.

News Corporation (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. News Corporation’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts predict that News Corporation will post $0.47 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.49%. News Corporation’s payout ratio is -15.63%.

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Several research analysts recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price target on shares of News Corporation in a research report on Monday, May 22nd. Zacks Investment Research lowered News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Rosenblatt Securities assumed coverage on News Corporation in a research report on Friday, July 14th. They issued a “buy” rating and a $17.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.20.

News Corporation Company 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.

Institutional Ownership by Quarter for News Corporation (NASDAQ:NWSA)

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