News Corporation $NWS Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in News Corporation (NASDAQ:NWS) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,977 shares of the company’s stock after purchasing an additional 14,995 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in News were worth $3,979,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in News by 22.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 220,230 shares of the company’s stock valued at $6,688,000 after buying an additional 40,731 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of News by 109.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,468 shares of the company’s stock worth $804,000 after acquiring an additional 13,836 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of News by 26.1% during the first quarter. Russell Investments Group Ltd. now owns 14,872 shares of the company’s stock valued at $452,000 after acquiring an additional 3,082 shares in the last quarter. Jefferies Financial Group Inc. raised its position in shares of News by 60.2% in the 1st quarter. Jefferies Financial Group Inc. now owns 356,975 shares of the company’s stock valued at $10,841,000 after purchasing an additional 134,148 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in News by 47.3% in the 2nd quarter. TD Asset Management Inc now owns 29,214 shares of the company’s stock worth $1,002,000 after purchasing an additional 9,381 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of NASDAQ NWS opened at $29.68 on Friday. The company has a 50 day simple moving average of $31.37 and a two-hundred day simple moving average of $32.57. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 14.34 and a beta of 1.15. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. News Corporation has a 12 month low of $26.25 and a 12 month high of $35.58.

News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. As a group, analysts predict that News Corporation will post 1.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on NWS. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.