News Corp. (NASDAQ:NWS) CFO Bedi Ajay Singh sold 29,857 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $14.39, for a total transaction of $429,642.23. Following the transaction, the chief financial officer now directly owns 33,667 shares of the company’s stock, valued at $484,468.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of News Corp. (NASDAQ:NWS) traded down 2.85% during mid-day trading on Friday, hitting $14.65. 363,308 shares of the company were exchanged. The company has a market capitalization of $8.50 billion, a P/E ratio of 48.03 and a beta of 1.90. News Corp. has a 52 week low of $10.74 and a 52 week high of $15.74. The company has a 50 day moving average of $14.31 and a 200 day moving average of $13.10.

The firm also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 12th. News Corp.’s dividend payout ratio (DPR) is 66.67%.

Separately, TheStreet raised shares of News Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $18.00.

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of News Corp. during the second quarter valued at about $144,000. Hartford Investment Management Co. raised its stake in shares of News Corp. by 5.5% in the second quarter. Hartford Investment Management Co. now owns 23,921 shares of the company’s stock valued at $279,000 after buying an additional 1,241 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of News Corp. by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 91,480 shares of the company’s stock valued at $1,067,000 after buying an additional 485 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in shares of News Corp. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 27,904 shares of the company’s stock valued at $326,000 after buying an additional 1,657 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in shares of News Corp. by 6.0% in the first quarter. First Republic Investment Management Inc. now owns 93,135 shares of the company’s stock valued at $1,234,000 after buying an additional 5,240 shares during the period. Institutional investors own 10.56% of the company’s stock.

News Corp. 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.

5 Day Chart for NASDAQ:NWS

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