Amalgamated Bank reduced its holdings in News Corp (NASDAQ:NWSA) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 46,802 shares of the company’s stock after selling 1,256 shares during the quarter. Amalgamated Bank’s holdings in News were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Millennium Management LLC increased its stake in News by 55.2% in the 4th quarter. Millennium Management LLC now owns 1,077,137 shares of the company’s stock valued at $12,226,000 after buying an additional 383,270 shares during the last quarter. Capital Financial Planning LLC acquired a new stake in News in the 4th quarter valued at $48,000. Legal & General Group Plc increased its stake in News by 8.7% in the 4th quarter. Legal & General Group Plc now owns 2,068,102 shares of the company’s stock valued at $23,473,000 after buying an additional 165,157 shares during the last quarter. Harris Associates L P increased its stake in News by 45.7% in the 4th quarter. Harris Associates L P now owns 15,819,883 shares of the company’s stock valued at $179,556,000 after buying an additional 4,958,645 shares during the last quarter. Finally, Worldquant Millennium Quantitative Strategies LLC increased its stake in News by 33.3% in the 4th quarter. Worldquant Millennium Quantitative Strategies LLC now owns 20,022 shares of the company’s stock valued at $227,000 after buying an additional 4,999 shares during the last quarter. Hedge funds and other institutional investors own 62.30% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of News from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Citigroup upgraded shares of News from a “neutral” rating to a “buy” rating in a research note on Monday, January 14th. UBS Group upgraded shares of News from a “neutral” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, ValuEngine lowered shares of News from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.17.

News stock opened at $12.65 on Thursday. The stock has a market cap of $7.32 billion, a PE ratio of 28.75, a PEG ratio of 3.56 and a beta of 1.47. News Corp has a fifty-two week low of $10.65 and a fifty-two week high of $16.65. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. News had a negative net margin of 13.11% and a positive return on equity of 2.70%. News’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Research analysts expect that News Corp will post 0.38 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a dividend yield of 1.61%. News’s dividend payout ratio is presently 45.45%.

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About News

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.

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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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