Macquarie Group Ltd. lessened its position in News Corporation (NASDAQ:NWS) by 51.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,946 shares of the company’s stock after selling 185,408 shares during the quarter. Macquarie Group Ltd.’s holdings in News Corporation were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWS. Teachers Advisors LLC raised its stake in News Corporation by 9.6% during the first quarter. Teachers Advisors LLC now owns 160,493 shares of the company’s stock valued at $2,167,000 after buying an additional 14,027 shares during the last quarter. Prudential Financial Inc. raised its stake in News Corporation by 4.5% during the first quarter. Prudential Financial Inc. now owns 145,012 shares of the company’s stock valued at $1,958,000 after buying an additional 6,300 shares during the last quarter. SG Americas Securities LLC raised its stake in News Corporation by 117.9% during the second quarter. SG Americas Securities LLC now owns 115,344 shares of the company’s stock valued at $1,632,000 after buying an additional 62,401 shares during the last quarter. LS Investment Advisors LLC raised its stake in News Corporation by 15.3% during the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock valued at $108,000 after buying an additional 1,010 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in News Corporation by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 572,675 shares of the company’s stock valued at $8,104,000 after buying an additional 44,881 shares during the last quarter. Institutional investors own 9.62% of the company’s stock.

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News Corporation (NASDAQ:NWS) opened at 14.10 on Monday. The stock’s market cap is $8.21 billion. The firm’s 50-day moving average price is $13.67 and its 200-day moving average price is $13.71. News Corporation has a 52 week low of $11.25 and a 52 week high of $14.90.

News Corporation (NASDAQ:NWS) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $2.08 billion for the quarter. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. Equities analysts predict that News Corporation will post $1.39 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a yield of 1.45%. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.

A number of research analysts have issued reports on the company. BidaskClub upgraded News Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. upgraded News Corporation from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 26th.

News Corporation 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.

Institutional Ownership by Quarter for News Corporation (NASDAQ:NWS)

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