BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of News Corp (NASDAQ:NWSA) by 272.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,204 shares of the company’s stock after acquiring an additional 229,776 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.05% of News worth $3,566,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in NWSA. Cadence Capital Management LLC purchased a new position in shares of News during the third quarter worth $138,000. Dupont Capital Management Corp raised its holdings in shares of News by 1,603.7% during the third quarter. Dupont Capital Management Corp now owns 136,025 shares of the company’s stock worth $1,794,000 after purchasing an additional 128,041 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of News during the third quarter worth $184,000. SG Americas Securities LLC raised its holdings in shares of News by 185.2% during the third quarter. SG Americas Securities LLC now owns 488,673 shares of the company’s stock worth $6,446,000 after purchasing an additional 317,311 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of News by 1.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,237,108 shares of the company’s stock worth $16,317,000 after purchasing an additional 13,852 shares during the last quarter. 61.83% of the stock is currently owned by institutional investors.
NWSA opened at $12.64 on Friday. News Corp has a fifty-two week low of $10.65 and a fifty-two week high of $16.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 3.65 and a beta of 1.48.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Wednesday, March 13th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a yield of 1.61%. News’s payout ratio is 45.45%.
Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of News from a “buy” rating to a “hold” rating in a report on Friday, February 8th. ValuEngine cut shares of News from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Citigroup raised shares of News from a “neutral” rating to a “buy” rating in a report on Monday, January 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. News has an average rating of “Hold” and an average target price of $14.17.
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News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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