LS Investment Advisors LLC lessened its holdings in shares of News Corp (NASDAQ:NWS) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,065 shares of the company’s stock after selling 782 shares during the period. LS Investment Advisors LLC’s holdings in News were worth $116,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Independent Franchise Partners LLP raised its position in News by 86.4% in the 3rd quarter. Independent Franchise Partners LLP now owns 3,905,939 shares of the company’s stock valued at $53,121,000 after buying an additional 1,810,072 shares during the last quarter. Jane Street Group LLC acquired a new stake in News in the 3rd quarter valued at approximately $7,561,000. Thrivent Financial for Lutherans raised its position in News by 527.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 399,074 shares of the company’s stock valued at $5,427,000 after buying an additional 335,423 shares during the last quarter. Dimensional Fund Advisors LP raised its position in News by 15.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,330 shares of the company’s stock valued at $19,830,000 after buying an additional 192,805 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in News in the 4th quarter valued at approximately $1,071,000. Institutional investors and hedge funds own 9.41% of the company’s stock.
Separately, BidaskClub lowered News from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th.
Shares of News stock opened at $13.02 on Wednesday. News Corp has a 52-week low of $10.85 and a 52-week high of $17.10. The company has a market capitalization of $7.56 billion, a P/E ratio of 26.39 and a beta of 1.49. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.
News (NASDAQ:NWS) last announced its earnings results on Thursday, February 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. The business had revenue of $2.63 billion for the quarter.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be given a $0.10 dividend. This represents a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, March 12th.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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