Mitsubishi UFJ Asset Management Co. Ltd. Has $4.36 Million Position in News Corporation $NWS

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of News Corporation (NASDAQ:NWS) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,441 shares of the company’s stock after buying an additional 30,446 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in News were worth $4,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comerica Bank lifted its holdings in News by 4.8% during the 4th quarter. Comerica Bank now owns 13,556 shares of the company’s stock worth $402,000 after buying an additional 619 shares during the period. Vanguard Group Inc. lifted its holdings in News by 15.2% during the 4th quarter. Vanguard Group Inc. now owns 10,163,392 shares of the company’s stock worth $301,141,000 after buying an additional 1,344,287 shares during the period. Asset Management One Co. Ltd. lifted its holdings in News by 11.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,454 shares of the company’s stock worth $133,000 after buying an additional 440 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in News by 23.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,655 shares of the company’s stock worth $612,000 after buying an additional 3,929 shares during the period. Finally, CWM LLC lifted its holdings in News by 896.1% during the 4th quarter. CWM LLC now owns 55,780 shares of the company’s stock worth $1,653,000 after buying an additional 50,180 shares during the period. 14.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NWS. Weiss Ratings downgraded News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Zacks Research downgraded News from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, News currently has an average rating of “Hold”.

News Stock Down 0.4%

Shares of NASDAQ:NWS opened at $31.17 on Tuesday. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 15.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The business’s 50-day moving average is $28.52 and its 200-day moving average is $28.98. News Corporation has a 1 year low of $25.49 and a 1 year high of $35.58.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.12 billion. News had a return on equity of 6.12% and a net margin of 12.92%. Equities research analysts predict that News Corporation will post 0.95 earnings per share for the current year.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.