State of Tennessee Treasury Department cut its holdings in News Corp (NASDAQ:NWS) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,037 shares of the company’s stock after selling 3,593 shares during the period. State of Tennessee Treasury Department’s holdings in News were worth $299,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wisconsin Investment Board increased its position in News by 82.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 1,215,450 shares of the company’s stock valued at $14,525,000 after acquiring an additional 549,550 shares during the period. Metropolis Capital Ltd purchased a new stake in News in the 2nd quarter valued at approximately $4,427,000. Mackenzie Financial Corp purchased a new stake in shares of News during the 1st quarter worth approximately $2,102,000. Parametric Portfolio Associates LLC boosted its stake in shares of News by 107.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 313,807 shares of the company’s stock worth $2,821,000 after acquiring an additional 162,218 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of News by 3.0% during the 1st quarter. State Street Corp now owns 4,610,474 shares of the company’s stock worth $41,883,000 after acquiring an additional 133,475 shares in the last quarter. Institutional investors and hedge funds own 10.44% of the company’s stock.
Shares of NASDAQ:NWS opened at $15.23 on Wednesday. The business’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $11.87. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of -7.05 and a beta of 1.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.29 and a quick ratio of 1.16. News Corp has a 12 month low of $7.88 and a 12 month high of $15.55.
News (NASDAQ:NWS) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. News had a positive return on equity of 1.40% and a negative net margin of 14.09%. The firm had revenue of $1.92 billion for the quarter.
The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 16th will be issued a $0.10 dividend. This represents a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th.
News Company Profile
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.