Thompson Siegel & Walmsley LLC Boosts Position in News Corporation (NWSA)
Thompson Siegel & Walmsley LLC raised its position in shares of News Corporation (NASDAQ:NWSA) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,363,096 shares of the company’s stock after buying an additional 1,584,753 shares during the period. News Corporation makes up about 1.5% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 7th largest position. Thompson Siegel & Walmsley LLC owned 1.61% of News Corporation worth $128,274,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NWSA. ING Groep NV increased its position in News Corporation by 0.5% in the second quarter. ING Groep NV now owns 21,062 shares of the company’s stock worth $289,000 after buying an additional 102 shares during the last quarter. CIBC Asset Management Inc increased its position in News Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 43,630 shares of the company’s stock worth $598,000 after buying an additional 133 shares during the last quarter. New Mexico Educational Retirement Board increased its position in News Corporation by 0.5% in the first quarter. New Mexico Educational Retirement Board now owns 38,701 shares of the company’s stock worth $503,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its position in News Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 23,700 shares of the company’s stock worth $325,000 after buying an additional 200 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in News Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 38,187 shares of the company’s stock worth $496,000 after buying an additional 232 shares during the last quarter. Institutional investors own 92.30% of the company’s stock.
Shares of News Corporation (NASDAQ NWSA) traded up 0.60% during mid-day trading on Friday, hitting $13.45. The stock had a trading volume of 924,264 shares. The firm’s market capitalization is $7.83 billion. The stock’s 50-day moving average is $13.74 and its 200-day moving average is $13.20. News Corporation has a 1-year low of $10.99 and a 1-year high of $14.68.
News Corporation (NASDAQ:NWSA) last released its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. Equities analysts expect that News Corporation will post $0.46 earnings per share for the current year.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a yield of 1.49%. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.
A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of News Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Rosenblatt Securities assumed coverage on shares of News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 target price on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $17.00 target price on shares of News Corporation in a research report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price 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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