UBS Asset Management Americas Inc. Has $19.29 Million Stake in News Corp (NWSA)
UBS Asset Management Americas Inc. cut its position in News Corp (NASDAQ:NWSA) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,190,234 shares of the company’s stock after selling 26,516 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in News were worth $19,294,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of News in the fourth quarter valued at $128,000. LMR Partners LLP purchased a new position in shares of News in the third quarter valued at $134,000. Vident Investment Advisory LLC purchased a new position in shares of News in the third quarter valued at $140,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of News in the third quarter valued at $149,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of News by 322.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock valued at $162,000 after purchasing an additional 9,029 shares during the period. Institutional investors and hedge funds own 60.73% of the company’s stock.
News Corp (NASDAQ NWSA) opened at $15.87 on Friday. News Corp has a 52 week low of $12.19 and a 52 week high of $17.29. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $9,248.05, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.97.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a yield of 1.27%. News’s dividend payout ratio (DPR) is -25.97%.
NWSA has been the subject of several analyst reports. Zacks Investment Research downgraded shares of News from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. TheStreet upgraded shares of News from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Finally, Jefferies Group restated a “buy” rating on shares of News in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $17.00.
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News Company Profile
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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