First Quadrant L P CA Has $4.35 Million Holdings in News Corporation (NWSA)

First Quadrant L P CA raised its position in News Corporation (NASDAQ:NWSA) by 98.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 328,109 shares of the company’s stock after purchasing an additional 162,969 shares during the quarter. First Quadrant L P CA owned about 0.06% of News Corporation worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NWSA. JPMorgan Chase & Co. increased its stake in shares of News Corporation by 281.2% in the first quarter. JPMorgan Chase & Co. now owns 202,087 shares of the company’s stock valued at $2,627,000 after purchasing an additional 149,080 shares during the period. FMR LLC increased its stake in shares of News Corporation by 43.7% during the first quarter. FMR LLC now owns 1,925,699 shares of the company’s stock valued at $25,034,000 after acquiring an additional 585,282 shares during the period. Teachers Advisors LLC increased its stake in shares of News Corporation by 6.6% during the first quarter. Teachers Advisors LLC now owns 504,842 shares of the company’s stock valued at $6,563,000 after acquiring an additional 31,289 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of News Corporation by 19.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,477,826 shares of the company’s stock valued at $58,217,000 after acquiring an additional 736,275 shares during the period. Finally, BlackRock Inc. increased its stake in shares of News Corporation by 3,067.8% during the first quarter. BlackRock Inc. now owns 25,055,960 shares of the company’s stock valued at $325,727,000 after acquiring an additional 24,265,013 shares during the period. Institutional investors own 60.65% of the company’s stock.

NWSA has been the topic of a number of research analyst reports. Rosenblatt Securities initiated coverage on shares of News Corporation in a research note on Friday, July 14th. They set a “buy” rating and a $17.00 price objective on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price objective on shares of News Corporation in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded shares of News Corporation from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a research note on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.40.

News Corporation (NASDAQ:NWSA) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the business earned $0.10 earnings per share. News Corporation’s quarterly revenue was down 6.6% on a year-over-year basis.

The business also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s payout ratio is -15.63%.

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About News Corporation

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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