Standard Life Aberdeen plc Sells 5,636 Shares of News Corp (NWSA)

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Standard Life Aberdeen plc lowered its holdings in News Corp (NASDAQ:NWSA) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 291,582 shares of the company’s stock after selling 5,636 shares during the period. Standard Life Aberdeen plc’s holdings in News were worth $3,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Macquarie Group Ltd. increased its stake in shares of News by 543.3% in the third quarter. Macquarie Group Ltd. now owns 126,736 shares of the company’s stock valued at $1,671,000 after purchasing an additional 107,036 shares during the period. Hsbc Holdings PLC increased its stake in shares of News by 1.0% in the third quarter. Hsbc Holdings PLC now owns 392,937 shares of the company’s stock valued at $5,183,000 after purchasing an additional 3,871 shares during the period. Dupont Capital Management Corp increased its stake in shares of News by 1,603.7% in the third quarter. Dupont Capital Management Corp now owns 136,025 shares of the company’s stock valued at $1,794,000 after purchasing an additional 128,041 shares during the period. Twin Capital Management Inc. increased its stake in shares of News by 5.4% in the third quarter. Twin Capital Management Inc. now owns 314,810 shares of the company’s stock valued at $4,152,000 after purchasing an additional 16,110 shares during the period. Finally, CQS Cayman LP increased its stake in shares of News by 140.5% in the third quarter. CQS Cayman LP now owns 602,835 shares of the company’s stock valued at $7,951,000 after purchasing an additional 352,183 shares during the period. 61.83% of the stock is currently owned by hedge funds and other institutional investors.

News stock opened at $12.64 on Friday. News Corp has a 1 year low of $10.65 and a 1 year high of $16.68. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 28.73, a price-to-earnings-growth ratio of 3.65 and a beta of 1.48.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. News had a negative net margin of 13.11% and a positive return on equity of 2.70%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue was up 20.5% on a year-over-year basis. Sell-side analysts predict that News Corp will post 0.38 earnings per share for the current year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be paid a $0.10 dividend. This represents a yield of 1.61%. The ex-dividend date is Tuesday, March 12th. News’s dividend payout ratio is 45.45%.

A number of research analysts recently commented on NWSA shares. Zacks Investment Research lowered shares of News from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. ValuEngine lowered shares of News from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research report on Thursday, January 17th. Finally, Citigroup upgraded shares of News from a “neutral” rating to a “buy” rating in a research report on Monday, January 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.17.

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News Profile

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.

See Also: 12b-1 Fees

Want to see what other hedge funds are holding NWSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for News Corp (NASDAQ:NWSA).

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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