News Corp Class B (NASDAQ:NWS) CEO Robert J. Thomson bought 72,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average price of $14.13 per share, for a total transaction of $1,017,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ NWS opened at $14.45 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.22 and a current ratio of 1.33. The stock has a market cap of $7.84 billion, a PE ratio of 29.89 and a beta of 1.76. News Corp Class B has a 12-month low of $13.10 and a 12-month high of $17.70.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.43%. The ex-dividend date is Tuesday, September 11th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Independent Franchise Partners LLP raised its position in News Corp Class B by 34.1% in the 1st quarter. Independent Franchise Partners LLP now owns 2,052,766 shares of the company’s stock worth $33,049,000 after purchasing an additional 521,444 shares during the period. Mackay Shields LLC purchased a new stake in News Corp Class B in the 1st quarter worth about $4,405,000. Barclays PLC raised its position in News Corp Class B by 67.6% in the 1st quarter. Barclays PLC now owns 294,287 shares of the company’s stock worth $4,741,000 after purchasing an additional 118,672 shares during the period. Renaissance Technologies LLC raised its position in News Corp Class B by 70.9% in the 4th quarter. Renaissance Technologies LLC now owns 201,342 shares of the company’s stock worth $3,350,000 after purchasing an additional 83,542 shares during the period. Finally, Jane Street Group LLC raised its position in News Corp Class B by 88.1% in the 1st quarter. Jane Street Group LLC now owns 159,107 shares of the company’s stock worth $2,562,000 after purchasing an additional 74,540 shares during the period. Hedge funds and other institutional investors own 9.74% of the company’s stock.

Separately, BidaskClub upgraded shares of News Corp Class B from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th.

News Corp Class B Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates through News and Information Services, Book Publishing, Digital Real Estate Services, and Cable Network Programming segments. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, Dow Jones PEVC, and DJX through various media channels, such as newspapers, newswires, Websites, applications for mobile devices, tablets and e-book readers, newsletters, magazines, proprietary databases, conferences, and videos.

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