Exxonmobil Investment Management Inc. TX cut its stake in shares of News Corporation (NASDAQ:NWS) by 13.5% during the second quarter, Holdings Channel reports. The fund owned 22,997 shares of the company’s stock after selling 3,602 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in News Corporation were worth $325,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock valued at $146,000 after buying an additional 138 shares during the period. QUANTRES ASSET MANAGEMENT Ltd raised its position in News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock worth $151,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc raised its position in News Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 11,934 shares of the company’s stock worth $161,000 after buying an additional 136 shares in the last quarter. New Mexico Educational Retirement Board raised its position in News Corporation by 11.0% in the first quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the company’s stock worth $163,000 after buying an additional 1,200 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in News Corporation during the first quarter worth $169,000. 9.73% of the stock is currently owned by institutional investors and hedge funds.

News Corporation (NWS) opened at 14.45 on Friday. News Corporation has a 52 week low of $11.25 and a 52 week high of $15.22. The stock has a 50 day moving average of $14.00 and a 200 day moving average of $13.25. The stock’s market capitalization is $8.41 billion.

News Corporation (NASDAQ:NWS) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $1.98 billion for the quarter. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. On average, equities research analysts predict that News Corporation will post $1.39 earnings per share for the current fiscal year.

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Separately, BidaskClub raised shares of News Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday.

News Corporation 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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Institutional Ownership by Quarter for News Corporation (NASDAQ:NWS)

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