Utah Retirement Systems Has $314,000 Holdings in News Corporation (NWS)
Utah Retirement Systems boosted its position in shares of News Corporation (NASDAQ:NWS) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,200 shares of the company’s stock after acquiring an additional 100 shares during the period. Utah Retirement Systems’ holdings in News Corporation were worth $314,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NWS. Independent Franchise Partners LLP purchased a new stake in shares of News Corporation during the 2nd quarter worth approximately $16,945,000. State Street Corp lifted its position in shares of News Corporation by 7.3% during the 1st quarter. State Street Corp now owns 4,192,557 shares of the company’s stock worth $56,601,000 after buying an additional 286,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of News Corporation by 12.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,498,859 shares of the company’s stock worth $20,236,000 after buying an additional 161,953 shares during the last quarter. First Quadrant L P CA lifted its position in shares of News Corporation by 69.6% during the 2nd quarter. First Quadrant L P CA now owns 314,907 shares of the company’s stock worth $4,456,000 after buying an additional 129,214 shares during the last quarter. Finally, Leucadia National Corp purchased a new stake in shares of News Corporation during the 1st quarter worth approximately $1,596,000. Institutional investors own 9.38% of the company’s stock.
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Shares of News Corporation (NASDAQ:NWS) opened at 13.45 on Friday. The stock’s 50 day moving average is $13.92 and its 200 day moving average is $13.59. The stock’s market cap is $7.83 billion. News Corporation has a 12 month low of $11.25 and a 12 month high of $15.22.
News Corporation (NASDAQ:NWS) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The business had revenue of $2.08 billion during the quarter. Analysts predict that News Corporation will post $1.39 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s payout ratio is currently -15.63%.
Several analysts have recently weighed in on NWS shares. BidaskClub downgraded shares of News Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. News Corporation currently has a consensus rating of “Hold”.
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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