Mitsubishi UFJ Asset Management Co. Ltd. Has $4.36 Million Stock Holdings in News Corporation $NWS

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in News Corporation (NASDAQ:NWS) by 26.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,441 shares of the company’s stock after purchasing an additional 30,446 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in News were worth $4,360,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Comerica Bank boosted its holdings in shares of News by 4.8% in the 4th quarter. Comerica Bank now owns 13,556 shares of the company’s stock valued at $402,000 after purchasing an additional 619 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of News by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock valued at $301,141,000 after purchasing an additional 1,344,287 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of News by 11.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,454 shares of the company’s stock valued at $133,000 after purchasing an additional 440 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of News by 23.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,655 shares of the company’s stock valued at $612,000 after purchasing an additional 3,929 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of News by 896.1% in the 4th quarter. CWM LLC now owns 55,780 shares of the company’s stock valued at $1,653,000 after purchasing an additional 50,180 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

News Trading Down 0.4%

Shares of NWS stock opened at $31.17 on Tuesday. The firm has a market capitalization of $17.31 billion, a P/E ratio of 15.51 and a beta of 0.89. News Corporation has a twelve month low of $25.49 and a twelve month high of $35.58. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $28.52 and its 200 day simple moving average is $28.98.

News (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.12 billion. News had a return on equity of 6.12% and a net margin of 12.92%. As a group, sell-side analysts predict that News Corporation will post 0.95 EPS for the current fiscal year.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.