Profund Advisors LLC lifted its position in News Corporation (NASDAQ:NWSA) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,750 shares of the company’s stock after acquiring an additional 2,185 shares during the quarter. Profund Advisors LLC’s holdings in News Corporation were worth $175,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of News Corporation by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 46,736,555 shares of the company’s stock worth $607,574,000 after acquiring an additional 1,779,315 shares in the last quarter. BlackRock Inc. grew its stake in shares of News Corporation by 1.0% in the 2nd quarter. BlackRock Inc. now owns 25,306,802 shares of the company’s stock worth $346,703,000 after acquiring an additional 250,842 shares in the last quarter. State Street Corp grew its stake in shares of News Corporation by 6.0% in the 1st quarter. State Street Corp now owns 17,510,994 shares of the company’s stock worth $227,645,000 after acquiring an additional 989,997 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of News Corporation by 20.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 9,363,096 shares of the company’s stock worth $128,274,000 after acquiring an additional 1,584,753 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of News Corporation by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,477,826 shares of the company’s stock worth $58,217,000 after acquiring an additional 736,275 shares in the last quarter. Hedge funds and other institutional investors own 60.60% of the company’s stock.
Several analysts have recently issued reports on NWSA shares. Zacks Investment Research upgraded shares of News Corporation from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research note on Tuesday, October 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of News Corporation in a research note on Sunday, July 30th. Finally, Rosenblatt Securities started coverage on shares of News Corporation in a research note on Friday, July 14th. They issued a “buy” rating and a $17.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. News Corporation has an average rating of “Hold” and a consensus price target of $15.17.
News Corporation (NASDAQ NWSA) opened at 13.68 on Monday. The company’s 50-day moving average is $13.28 and its 200 day moving average is $13.31. The company’s market cap is $7.96 billion. News Corporation has a 52-week low of $10.99 and a 52-week high of $14.49.
News Corporation (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned $0.10 EPS. News Corporation’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts forecast that News Corporation will post $0.47 earnings per share for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Investors 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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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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