News Corp Class B (NWS) CEO Acquires $1,017,360.00 in Stock
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.
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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