Wells Fargo & Company MN lowered its stake in News Corp (NASDAQ:NWS) by 51.3% during the third quarter, Holdings Channel reports. The institutional investor owned 234,396 shares of the company’s stock after selling 246,435 shares during the period. Wells Fargo & Company MN’s holdings in News were worth $3,200,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in News by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock valued at $22,206,000 after buying an additional 70,484 shares during the last quarter. Independent Franchise Partners LLP grew its stake in News by 21.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 1,452,147 shares of the company’s stock valued at $19,821,000 after buying an additional 254,561 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in News by 8.5% in the 2nd 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. First Quadrant L P CA grew its stake in News by 16.4% in the 3rd quarter. First Quadrant L P CA now owns 366,601 shares of the company’s stock valued at $5,004,000 after buying an additional 51,694 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in News by 1.8% in the 2nd quarter. California Public Employees Retirement System now owns 274,400 shares of the company’s stock valued at $3,883,000 after buying an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 9.49% of the company’s stock.

In other News news, CFO Kevin Halpin sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $14.50, for a total transaction of $72,500.00. Following the transaction, the chief financial officer now owns 29,855 shares in the company, valued at approximately $432,897.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 24,855 shares of company stock worth $385,752. Company insiders own 39.40% of the company’s stock.

A number of brokerages have issued reports on NWS. BidaskClub upgraded shares of News from a “sell” rating to a “hold” rating in a research report on Saturday, September 30th. TheStreet upgraded shares of News from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.

News Corp (NWS) opened at $17.15 on Thursday. News Corp has a 52-week low of $12.30 and a 52-week high of $17.40. The stock has a market cap of $9,870.00, a P/E ratio of -15.18 and a beta of 1.91. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03.

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

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