BidaskClub upgraded shares of News Corp Class B (NASDAQ:NWS) from a strong sell rating to a sell rating in a research report sent to investors on Thursday.

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

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

In other news, CEO Robert J. Thomson bought 72,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were acquired at an average price of $14.13 per share, with a total value of $1,017,360.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 39.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Independent Franchise Partners LLP grew its holdings in shares of 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 last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of News Corp Class B by 3.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 627,343 shares of the company’s stock worth $10,101,000 after purchasing an additional 19,331 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of News Corp Class B by 0.8% in the 1st quarter. Guggenheim Capital LLC now owns 603,141 shares of the company’s stock worth $9,711,000 after purchasing an additional 4,961 shares during the last quarter. Barclays PLC grew its holdings in shares of 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 last quarter. Finally, Mackay Shields LLC bought a new stake in shares of News Corp Class B in the 1st quarter worth about $4,405,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.

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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