News Corporation $NWS Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in News Corporation (NASDAQ:NWS) by 98.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,827 shares of the company’s stock after selling 214,335 shares during the quarter. Nisa Investment Advisors LLC’s holdings in News were worth $122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of News by 102.7% during the 1st quarter. Bank of America Corp DE now owns 844,576 shares of the company’s stock worth $24,079,000 after purchasing an additional 427,841 shares during the last quarter. Quantinno Capital Management LP increased its holdings in News by 128.0% in the first quarter. Quantinno Capital Management LP now owns 681,468 shares of the company’s stock valued at $19,429,000 after buying an additional 382,644 shares during the last quarter. Weiss Asset Management LP purchased a new position in News in the first quarter valued at $5,408,000. Squarepoint Ops LLC acquired a new stake in News in the second quarter valued at $4,449,000. Finally, Sei Investments Co. raised its stake in News by 118.0% in the first quarter. Sei Investments Co. now owns 243,153 shares of the company’s stock valued at $6,932,000 after buying an additional 131,592 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Performance

NASDAQ NWS opened at $31.74 on Monday. The firm’s fifty day moving average price is $33.02 and its 200 day moving average price is $30.44. News Corporation has a 12 month low of $25.49 and a 12 month high of $35.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.51. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 30.82 and a beta of 1.00.

News (NASDAQ:NWS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.09%. The firm had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. On average, sell-side analysts expect 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 was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 9th. This represents a dividend yield of 60.0%. News’s payout ratio is 19.42%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings raised News from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, October 26th. Zacks Research downgraded News from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, News has a consensus rating of “Moderate Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company with businesses spanning news, publishing, digital real estate services and subscription-based content. The company operates through a portfolio of brands that serve consumers, professionals and businesses across multiple markets.

Its major operations include Dow Jones, which provides business news, financial information and data through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which publish newspapers and digital news platforms; and HarperCollins Publishers, a global book publishing company.