News Corporation $NWS Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in News Corporation (NASDAQ:NWS) by 98.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,827 shares of the company’s stock after selling 214,335 shares during the quarter. Nisa Investment Advisors LLC’s holdings in News were worth $122,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NWS. V Square Quantitative Management LLC grew its holdings in shares of News by 21.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,741 shares of the company’s stock worth $87,000 after acquiring an additional 475 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of News during the third quarter valued at approximately $178,000. Mather Group LLC. acquired a new stake in shares of News during the third quarter worth $229,000. Baker Ellis Asset Management LLC acquired a new position in News in the third quarter valued at $1,147,000. Finally, Wedmont Private Capital lifted its position in News by 12.0% during the third quarter. Wedmont Private Capital now owns 8,193 shares of the company’s stock worth $262,000 after buying an additional 881 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Stock Performance

Shares of NWS stock opened at $31.74 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.62. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 30.82 and a beta of 1.00. News Corporation has a one year low of $25.49 and a one year high of $35.76. The company has a 50 day moving average price of $33.02 and a 200 day moving average price of $30.44.

News (NASDAQ:NWS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. News had a net margin of 6.35% and a return on equity of 7.09%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Sell-side analysts anticipate that News Corporation will post 1.31 EPS for the current year.

News Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th were given a $0.10 dividend. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend was Wednesday, September 9th. News’s dividend payout ratio (DPR) is 19.42%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings raised News from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Zacks Research downgraded shares of News from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company with businesses spanning news, publishing, digital real estate services and subscription-based content. The company operates through a portfolio of brands that serve consumers, professionals and businesses across multiple markets.

Its major operations include Dow Jones, which provides business news, financial information and data through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which publish newspapers and digital news platforms; and HarperCollins Publishers, a global book publishing company.