Vanguard Group Inc. cut its stake in shares of News Corporation (NASDAQ:NWS) by 24.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,275,842 shares of the company’s stock after selling 1,081,041 shares during the period. Vanguard Group Inc.’s holdings in News Corporation were worth $44,224,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of News Corporation during the fourth quarter worth about $14,029,000. Prudential Financial Inc. increased its stake in shares of News Corporation by 4.5% in the first quarter. Prudential Financial Inc. now owns 145,012 shares of the company’s stock worth $1,958,000 after buying an additional 6,300 shares during the period. Hartford Investment Management Co. increased its stake in shares of News Corporation by 8.8% in the first quarter. Hartford Investment Management Co. now owns 30,750 shares of the company’s stock worth $415,000 after buying an additional 2,477 shares during the period. Capstone Asset Management Co. increased its stake in shares of News Corporation by 1.2% in the first quarter. Capstone Asset Management Co. now owns 13,700 shares of the company’s stock worth $185,000 after buying an additional 160 shares during the period. Finally, Algert Global LLC increased its stake in shares of News Corporation by 3.4% in the first quarter. Algert Global LLC now owns 80,239 shares of the company’s stock worth $1,083,000 after buying an additional 2,656 shares during the period. 9.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of News Corporation (NASDAQ NWS) traded down 1.43% during mid-day trading on Friday, reaching $13.80. 312,678 shares of the company were exchanged. The stock has a 50 day moving average price of $14.25 and a 200-day moving average price of $13.48. News Corporation has a 12 month low of $11.25 and a 12 month high of $15.22. The stock’s market capitalization is $8.03 billion.

News Corporation (NASDAQ:NWS) last issued its earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $2.08 billion for the quarter. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.81%. Analysts predict that News Corporation will post $1.39 earnings per share for the current year.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 12th. This represents a dividend yield of 1.45%. News Corporation’s payout ratio is currently -15.63%.

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A number of analysts recently issued reports on the stock. BidaskClub raised shares of News Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Citigroup Inc. raised shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold”.

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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Institutional Ownership by Quarter for News Corporation (NASDAQ:NWS)

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