Cibc World Markets Corp Has $740,000 Holdings in News Corporation (NWSA)
Cibc World Markets Corp raised its stake in News Corporation (NASDAQ:NWSA) by 35.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,999 shares of the company’s stock after purchasing an additional 14,129 shares during the period. Cibc World Markets Corp’s holdings in News Corporation were worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new position in shares of News Corporation in the 1st quarter valued at about $118,000. Pacer Advisors Inc. increased its stake in shares of News Corporation by 56.6% during the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock worth $139,000 after buying an additional 3,853 shares during the period. Creative Planning increased its stake in shares of News Corporation by 109.9% during the second quarter. Creative Planning now owns 11,068 shares of the company’s stock worth $152,000 after buying an additional 5,795 shares during the period. Parametrica Management Ltd purchased a new stake in shares of News Corporation during the second quarter worth approximately $156,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of News Corporation during the first quarter worth approximately $163,000. 60.61% of the stock is currently owned by institutional investors.
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Shares of News Corporation (NASDAQ NWSA) opened at 13.28 on Tuesday. The firm’s 50-day moving average price is $13.25 and its 200-day moving average price is $13.26. The stock’s market capitalization is $7.73 billion. News Corporation has a one year low of $10.99 and a one year high of $14.68.
News Corporation (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities research analysts anticipate that News Corporation will post $0.47 EPS for the current fiscal 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 dividend of $0.10 per share. The ex-dividend date is Tuesday, September 12th. This represents a yield of 1.49%. News Corporation’s dividend payout ratio is presently -15.63%.
Several analysts recently weighed in on NWSA shares. Rosenblatt Securities started coverage on shares of News Corporation in a report on Friday, July 14th. They issued a “buy” rating and a $17.00 target price on the stock. Zacks Investment Research downgraded shares of News Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price target on shares of News Corporation in a research note on Sunday, July 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.20.
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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