Dimensional Fund Advisors LP Purchases 70,484 Shares of News Corporation (NWS)
Dimensional Fund Advisors LP lifted its position in shares of News Corporation (NASDAQ:NWS) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,569,343 shares of the company’s stock after buying an additional 70,484 shares during the period. Dimensional Fund Advisors LP owned about 0.27% of News Corporation worth $22,206,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of NWS. Teachers Advisors LLC boosted its position 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 purchasing an additional 14,027 shares during the last quarter. Prudential Financial Inc. boosted its position 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 purchasing an additional 6,300 shares during the last quarter. SG Americas Securities LLC boosted its position 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 purchasing an additional 62,401 shares during the last quarter. LS Investment Advisors LLC boosted its position 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 purchasing an additional 1,010 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position 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 purchasing an additional 44,881 shares during the last quarter. 9.73% of the stock is owned by institutional investors.
News Corporation (NASDAQ:NWS) opened at $14.40 on Wednesday. News Corporation has a 52-week low of $11.25 and a 52-week high of $14.90. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $8,467.15, a P/E ratio of 40.42 and a beta of 1.88.
News Corporation (NASDAQ:NWS) last released its quarterly earnings data 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 firm 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%.
The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a yield of 1.45%. News Corporation’s dividend payout ratio is -15.63%.
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Several research analysts recently commented on the company. BidaskClub cut News Corporation from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Citigroup Inc. raised News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th.
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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