News Corp. (NWSA) Stake Held by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. held its position in News Corp. (NASDAQ:NWSA) during the second quarter, Holdings Channel reports. The institutional investor owned 9,137 shares of the company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in News Corp. were worth $104,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. raised its position in News Corp. by 0.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 568,673 shares of the company’s stock valued at $7,262,000 after buying an additional 3,014 shares during the period. Credit Agricole S A raised its position in News Corp. by 19.8% in the first quarter. Credit Agricole S A now owns 65,350 shares of the company’s stock valued at $835,000 after buying an additional 10,791 shares during the period. Geode Capital Management LLC raised its position in News Corp. by 2.0% in the first quarter. Geode Capital Management LLC now owns 3,405,598 shares of the company’s stock valued at $43,408,000 after buying an additional 66,974 shares during the period. BlueMountain Capital Management LLC raised its position in News Corp. by 15.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,963,170 shares of the company’s stock valued at $88,920,000 after buying an additional 957,265 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in News Corp. by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 487,346 shares of the company’s stock valued at $6,223,000 after buying an additional 47,902 shares during the period. Institutional investors own 95.59% of the company’s stock.
Shares of News Corp. (NASDAQ:NWSA) traded down 1.35% during trading on Monday, reaching $13.92. The company had a trading volume of 2,405,227 shares. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 45.64 and a beta of 2.01. The firm has a 50 day moving average price of $13.93 and a 200 day moving average price of $12.69. News Corp. has a 12 month low of $10.21 and a 12 month high of $15.68.
News Corp. (NASDAQ:NWSA) last announced its earnings results on Monday, August 8th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.03. The company earned $2.23 billion during the quarter, compared to analyst estimates of $2.06 billion. News Corp. had a return on equity of 1.95% and a net margin of 2.16%. News Corp.’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Analysts predict that News Corp. will post $0.46 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 12th. News Corp.’s payout ratio is presently 66.67%.
A number of equities analysts have recently commented on the company. Morgan Stanley reiterated a “hold” rating on shares of News Corp. in a research note on Thursday, August 18th. Zacks Investment Research upgraded News Corp. from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Finally, TheStreet upgraded News Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. News Corp. currently has an average rating of “Hold” and an average price target of $17.13.
In related news, CFO Bedi Ajay Singh sold 29,857 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $14.39, for a total value of $429,642.23. Following the completion of the transaction, the chief financial officer now directly owns 33,667 shares of the company’s stock, valued at approximately $484,468.13. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.88% of the stock is currently owned by corporate insiders.
News Corp. Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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