News Corporation (NWSA) Shares Bought by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK grew its holdings in News Corporation (NASDAQ:NWSA) by 9.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 308,970 shares of the company’s stock after purchasing an additional 26,578 shares during the quarter. Aberdeen Asset Management PLC UK owned about 0.05% of News Corporation worth $4,233,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of NWSA. BlackRock Inc. grew its position in shares of News Corporation by 3,067.8% in the first quarter. BlackRock Inc. now owns 25,055,960 shares of the company’s stock valued at $325,727,000 after purchasing an additional 24,265,013 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of News Corporation in the second quarter valued at about $45,581,000. Vanguard Group Inc. grew its position in shares of News Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 46,736,555 shares of the company’s stock valued at $607,574,000 after purchasing an additional 1,779,315 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of News Corporation by 20.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 9,363,096 shares of the company’s stock valued at $128,274,000 after purchasing an additional 1,584,753 shares during the last quarter. Finally, St. James Investment Company LLC grew its position in shares of News Corporation by 13,022.2% in the second quarter. St. James Investment Company LLC now owns 1,496,590 shares of the company’s stock valued at $20,503,000 after purchasing an additional 1,485,185 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on NWSA shares. Zacks Investment Research downgraded News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of News Corporation in a research report on Sunday, July 30th. Finally, Rosenblatt Securities started coverage on News Corporation in a research report on Friday, July 14th. They issued a “buy” rating and a $17.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. News Corporation presently has an average rating of “Hold” and an average target price of $15.20.
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Shares of News Corporation (NASDAQ:NWSA) opened at 13.09 on Friday. News Corporation has a 1-year low of $10.99 and a 1-year high of $14.68. The company’s market cap is $7.62 billion. The company has a 50 day moving average of $13.56 and a 200 day moving average of $13.21.
News Corporation (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business earned $0.10 EPS. News Corporation’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts expect that News Corporation will post $0.47 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid 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 dividend payout ratio (DPR) is currently -15.63%.
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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