Los Angeles Capital Management & Equity Research Inc. Has $1.66 Million Position in News Corporation (NWS)
Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of News Corporation (NASDAQ:NWS) by 34.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,365 shares of the company’s stock after purchasing an additional 29,960 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in News Corporation were worth $1,661,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NWS. LS Investment Advisors LLC grew its holdings in News Corporation by 15.3% during the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock valued at $108,000 after purchasing an additional 1,010 shares during the period. Advisors Asset Management Inc. boosted its holdings 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. CIBC Asset Management Inc boosted its holdings in shares of News Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock valued at $147,000 after buying an additional 35 shares during the period. QUANTRES ASSET MANAGEMENT Ltd boosted its holdings in shares of News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock valued at $151,000 after buying an additional 100 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of News Corporation in the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 9.38% of the company’s stock.
News Corporation (NASDAQ NWS) opened at 13.45 on Monday. The firm’s market cap is $7.83 billion. The stock has a 50 day moving average of $13.92 and a 200 day moving average of $13.59. 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 data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The company had revenue of $2.08 billion during the quarter. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. On average, equities research analysts anticipate that News Corporation will post $1.39 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a dividend yield of 1.45%. News Corporation’s dividend payout ratio is currently -15.63%.
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Several research analysts have recently weighed in on the stock. BidaskClub cut shares of News Corporation from a “hold” rating to a “sell” rating in a report on Friday. Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company 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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