Employees Retirement System of Texas cut its stake in News Corporation (NASDAQ:NWSA) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,250 shares of the company’s stock after selling 21,500 shares during the period. Employees Retirement System of Texas’ holdings in News Corporation were worth $1,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Riverhead Capital Management LLC increased its position in News Corporation by 0.3% in the second quarter. Riverhead Capital Management LLC now owns 15,319 shares of the company’s stock worth $210,000 after buying an additional 46 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in News Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,394 shares of the company’s stock worth $389,000 after buying an additional 81 shares during the period. ING Groep NV increased its position in News Corporation by 0.5% in the second quarter. ING Groep NV now owns 21,062 shares of the company’s stock worth $289,000 after buying an additional 102 shares during the period. CIBC Asset Management Inc increased its position in News Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,630 shares of the company’s stock worth $598,000 after buying an additional 133 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in News Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the company’s stock worth $325,000 after buying an additional 200 shares during the period. 60.61% of the stock is currently owned by hedge funds and other institutional investors.

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News Corporation (NASDAQ NWSA) opened at 13.68 on Friday. The firm’s market capitalization is $7.96 billion. The stock’s 50 day moving average price is $13.29 and its 200-day moving average price is $13.30. News Corporation has a one year low of $10.99 and a one year high of $14.48.

News Corporation (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, equities research analysts anticipate that News Corporation will post $0.47 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a $0.10 dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s dividend payout ratio is currently -15.63%.

Several brokerages have weighed in on NWSA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of News Corporation in a research report on Sunday, July 30th. Zacks Investment Research lowered News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Rosenblatt Securities began coverage on News Corporation in a research report on Friday, July 14th. They issued a “buy” rating and a $17.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.17.

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:NWSA)

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