Janus Henderson Group PLC Buys New Holdings in News Corporation $NWS

Janus Henderson Group PLC purchased a new position in shares of News Corporation (NASDAQ:NWS) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,657 shares of the company’s stock, valued at approximately $1,159,000.

A number of other institutional investors have also recently made changes to their positions in NWS. Vanguard Group Inc. boosted its position in News by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock valued at $301,141,000 after buying an additional 1,344,287 shares during the period. Hsbc Holdings PLC raised its stake in shares of News by 60.4% during the fourth quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock valued at $7,971,000 after acquiring an additional 101,018 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of News during the first quarter worth about $5,408,000. CWM LLC boosted its holdings in shares of News by 896.1% during the fourth quarter. CWM LLC now owns 55,780 shares of the company’s stock worth $1,653,000 after purchasing an additional 50,180 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of News by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,761,977 shares of the company’s stock worth $50,233,000 after purchasing an additional 46,837 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Weiss Ratings raised News from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, News presently has a consensus rating of “Moderate Buy”.

News Trading Up 0.2%

News stock opened at $32.50 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $30.59 and its two-hundred day simple moving average is $29.31. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.31. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 31.55 and a beta of 0.88.

News (NASDAQ:NWS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. News had a return on equity of 7.09% and a net margin of 6.35%. As a group, equities analysts predict that News Corporation will post 1.31 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a yield of 60.0%. News’s payout ratio is 19.42%.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.