Principal Financial Group Inc. Sells 19,530 Shares of News Corp (NWSA)

Principal Financial Group Inc. cut its holdings in News Corp (NASDAQ:NWSA) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 570,026 shares of the company’s stock after selling 19,530 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of News worth $7,558,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NWSA. Vanguard Group Inc. increased its stake in shares of News by 2.4% during the second quarter. Vanguard Group Inc. now owns 47,879,238 shares of the company’s stock worth $655,946,000 after acquiring an additional 1,142,683 shares during the period. BlackRock Inc. increased its stake in shares of News by 1.0% during the second quarter. BlackRock Inc. now owns 25,306,802 shares of the company’s stock worth $346,703,000 after acquiring an additional 250,842 shares during the period. Dodge & Cox increased its stake in shares of News by 10.6% during the second quarter. Dodge & Cox now owns 10,882,034 shares of the company’s stock worth $149,084,000 after acquiring an additional 1,040,473 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of News by 20.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,363,096 shares of the company’s stock worth $128,274,000 after acquiring an additional 1,584,753 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of News by 12,388.4% during the second quarter. Janus Henderson Group PLC now owns 7,488,062 shares of the company’s stock worth $102,586,000 after acquiring an additional 7,428,102 shares during the period. Institutional investors own 60.97% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of News from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.40.

Shares of News Corp (NWSA) opened at $16.39 on Thursday. The company has a market cap of $9,554.98, a PE ratio of 37.27, a P/E/G ratio of 3.33 and a beta of 2.06. News Corp has a fifty-two week low of $11.41 and a fifty-two week high of $16.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. News had a negative net margin of 7.96% and a positive return on equity of 2.27%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. analysts forecast that News Corp will post 0.49 EPS for the current year.

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News 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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Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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