Teacher Retirement System of Texas bought a new stake in News Corp (NASDAQ:NWSA) in the fourth quarter, Holdings Channel reports. The institutional investor bought 105,792 shares of the company’s stock, valued at approximately $1,715,000.
A number of other institutional investors have also recently modified their holdings of NWSA. ING Groep NV increased its holdings in News by 10.3% during the 4th quarter. ING Groep NV now owns 36,416 shares of the company’s stock worth $590,000 after purchasing an additional 3,387 shares in the last quarter. Rhumbline Advisers increased its holdings in News by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 686,504 shares of the company’s stock worth $9,103,000 after purchasing an additional 3,894 shares in the last quarter. Parametrica Management Ltd increased its holdings in News by 35.6% during the 3rd quarter. Parametrica Management Ltd now owns 15,482 shares of the company’s stock worth $205,000 after purchasing an additional 4,062 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in News by 1.7% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 334,882 shares of the company’s stock worth $4,441,000 after purchasing an additional 5,522 shares in the last quarter. Finally, Cambiar Investors LLC increased its holdings in News by 2.0% during the 3rd quarter. Cambiar Investors LLC now owns 317,625 shares of the company’s stock worth $4,212,000 after purchasing an additional 6,111 shares in the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on NWSA. Zacks Investment Research lowered News from a “buy” rating to a “hold” rating in a report on Monday, January 15th. TheStreet raised News from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of News in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.00.
News (NASDAQ:NWSA) last released its earnings results on Thursday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.13 billion. News had a positive return on equity of 2.52% and a negative net margin of 5.41%. News’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. analysts anticipate that News Corp will post 0.51 EPS for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be issued a $0.10 dividend. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 13th. News’s dividend payout ratio is presently -25.97%.
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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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