Fayez Sarofim & Co. Has $1.54 Million Stake in News Corporation (NWSA)
Fayez Sarofim & Co. lowered its position in shares of News Corporation (NASDAQ:NWSA) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,427 shares of the company’s stock after selling 2,437 shares during the period. Fayez Sarofim & Co.’s holdings in News Corporation were worth $1,541,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of News Corporation by 4.0% during the first quarter. Vanguard Group Inc. now owns 46,736,555 shares of the company’s stock valued at $607,574,000 after purchasing an additional 1,779,315 shares during the period. BlackRock Inc. raised its stake in shares of News Corporation by 1.0% during the second quarter. BlackRock Inc. now owns 25,306,802 shares of the company’s stock valued at $346,703,000 after purchasing an additional 250,842 shares during the period. State Street Corp raised its stake in shares of News Corporation by 6.0% during the first quarter. State Street Corp now owns 17,510,994 shares of the company’s stock valued at $227,645,000 after purchasing an additional 989,997 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of News Corporation by 1.4% during the first quarter. Artisan Partners Limited Partnership now owns 11,816,314 shares of the company’s stock valued at $153,612,000 after purchasing an additional 167,178 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of News Corporation by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,363,096 shares of the company’s stock valued at $128,274,000 after purchasing an additional 1,584,753 shares during the period. Institutional investors own 60.62% of the company’s stock.
Shares of News Corporation (NASDAQ NWSA) traded up 0.267% during mid-day trading on Monday, hitting $13.125. 161,406 shares of the company were exchanged. The stock’s market cap is $7.64 billion. News Corporation has a 12-month low of $10.99 and a 12-month high of $14.68. The stock’s 50-day moving average price is $13.56 and its 200 day moving average price is $13.21.
News Corporation (NASDAQ:NWSA) last issued its earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.11 billion. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. News Corporation’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that News Corporation will post $0.47 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s payout ratio is -15.63%.
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A number of analysts have recently issued reports on NWSA shares. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price objective on shares of News Corporation in a research note on Monday, May 22nd. Rosenblatt Securities started coverage on shares of News Corporation in a research note on Friday, July 14th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of News Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. News Corporation presently has a consensus rating of “Hold” and an average price target of $15.20.
About News Corporation
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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