Thompson Siegel & Walmsley LLC Has $21,959,000 Position in News Corp (NWS)
Thompson Siegel & Walmsley LLC reduced its position in shares of News Corp (NASDAQ:NWS) by 8.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,860,918 shares of the company’s stock after selling 170,633 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.32% of News Corp worth $21,959,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. SOF Ltd acquired a new stake in shares of News Corp during the fourth quarter worth $115,426,000. State Street Corp raised its stake in shares of News Corp by 6.4% in the fourth quarter. State Street Corp now owns 3,906,545 shares of the company’s stock worth $46,094,000 after buying an additional 235,185 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of News Corp by 12.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,873,993 shares of the company’s stock worth $40,868,000 after buying an additional 327,643 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of News Corp by 10.1% in the third quarter. BlackRock Fund Advisors now owns 1,920,269 shares of the company’s stock worth $27,306,000 after buying an additional 176,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of News Corp by 39.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,336,906 shares of the company’s stock worth $15,777,000 after buying an additional 378,922 shares in the last quarter. 9.62% of the stock is currently owned by institutional investors.
Shares of News Corp (NASDAQ:NWS) traded down 0.37% during midday trading on Thursday, hitting $13.40. The stock had a trading volume of 557,034 shares. News Corp has a one year low of $10.90 and a one year high of $15.22. The company’s market cap is $7.79 billion. The firm has a 50 day moving average of $12.57 and a 200-day moving average of $13.12.
News Corp (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.16 billion. News Corp had a negative net margin of 4.43% and a positive return on equity of 1.63%. On average, analysts forecast that News Corp will post $1.39 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 19th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.10 per share. This represents a yield of 1.47%. The ex-dividend date of this dividend is Monday, March 13th. News Corp’s dividend payout ratio (DPR) is currently -31.25%.
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Several equities research analysts have recently commented on the company. Zacks Investment Research raised News Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 13th. TheStreet lowered News Corp from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Finally, Bank of America Corporation lowered News Corp from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th.
News Corp 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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