Voya Investment Management LLC Sells 5,109 Shares of News Corporation (NWSA)
Voya Investment Management LLC decreased its holdings in News Corporation (NASDAQ:NWSA) by 2.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,817 shares of the company’s stock after selling 5,109 shares during the period. Voya Investment Management LLC’s holdings in News Corporation were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Ameritas Investment Partners Inc. bought a new position in News Corporation in the first quarter worth approximately $118,000. Pacer Advisors Inc. raised its stake in News Corporation by 56.6% in the first quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock worth $139,000 after buying an additional 3,853 shares in the last quarter. Creative Planning raised its stake in News Corporation by 109.9% in the second quarter. Creative Planning now owns 11,068 shares of the company’s stock worth $152,000 after buying an additional 5,795 shares in the last quarter. Parametrica Management Ltd bought a new position in News Corporation in the second quarter worth approximately $156,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in News Corporation in the first quarter worth approximately $163,000. 60.60% of the stock is owned by institutional investors.
News Corporation (NASDAQ NWSA) opened at 13.68 on Monday. News Corporation has a 52-week low of $10.99 and a 52-week high of $14.49. The company has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.31. The firm’s market capitalization is $7.96 billion.
News Corporation (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts forecast that News Corporation will post $0.47 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid 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 is currently -15.63%.
A number of equities analysts have recently issued reports on the company. Rosenblatt Securities assumed coverage on News Corporation in a research report on Friday, July 14th. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research raised News Corporation from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of News Corporation in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.17.
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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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