International Value Advisers LLC lowered its stake in shares of News Corp (NASDAQ:NWSA) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,400,645 shares of the company’s stock after selling 49,953 shares during the quarter. News makes up approximately 6.2% of International Value Advisers LLC’s portfolio, making the stock its 5th largest holding. International Value Advisers LLC’s holdings in News were worth $217,224,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of NWSA. Stone Ridge Asset Management LLC bought a new position in shares of News in the 4th quarter worth approximately $2,534,000. Deutsche Bank AG lifted its stake in shares of News by 6.2% in the 4th quarter. Deutsche Bank AG now owns 1,242,067 shares of the company’s stock worth $20,130,000 after purchasing an additional 72,238 shares during the period. Brandywine Global Investment Management LLC lifted its stake in shares of News by 3.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 343,904 shares of the company’s stock worth $5,575,000 after purchasing an additional 9,993 shares during the period. Jefferies Group LLC lifted its stake in shares of News by 130.4% in the 4th quarter. Jefferies Group LLC now owns 30,834 shares of the company’s stock worth $500,000 after purchasing an additional 17,451 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of News by 15.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 64,477 shares of the company’s stock worth $1,045,000 after purchasing an additional 8,720 shares during the period. Institutional investors and hedge funds own 62.12% of the company’s stock.
Several equities analysts have recently weighed in on NWSA shares. Zacks Investment Research cut shares of News from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a report on Tuesday, December 5th. Finally, Jefferies Group reissued a “buy” rating on shares of News in a report on Friday, February 9th.
News (NASDAQ:NWSA) last released its earnings results on Thursday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 negative net margin of 5.41% and a positive return on equity of 2.52%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. analysts predict that News Corp will post 0.51 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be issued a $0.10 dividend. This represents a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 13th. News’s dividend payout ratio is -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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