Aviva PLC trimmed its position in News Corp (NASDAQ:NWS) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,342 shares of the company’s stock after selling 14,661 shares during the quarter. Aviva PLC’s holdings in News were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. raised its stake in News by 10.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 12,055 shares of the company’s stock worth $139,000 after acquiring an additional 1,155 shares in the last quarter. WINTON GROUP Ltd acquired a new position in News during the third quarter worth $145,000. LPL Financial LLC acquired a new position in News during the fourth quarter worth $189,000. Hartford Investment Management Co. raised its stake in News by 33.9% during the third quarter. Hartford Investment Management Co. now owns 17,347 shares of the company’s stock worth $236,000 after acquiring an additional 4,396 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in News by 36.7% during the third quarter. Panagora Asset Management Inc. now owns 18,613 shares of the company’s stock worth $253,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 9.40% of the company’s stock.

News stock opened at $12.74 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 1.09. News Corp has a 52-week low of $10.85 and a 52-week high of $17.10. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 26.65 and a beta of 1.43.

News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. The firm had revenue of $2.63 billion during the quarter.

The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Shareholders 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 yield of 1.58%.

Separately, BidaskClub lowered News from a “hold” rating to a “sell” rating in a research note on Friday, December 28th.

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News 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.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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