Toronto Dominion Bank Sells 4,226 Shares of News Corp (NASDAQ:NWS)

Toronto Dominion Bank lessened its position in shares of News Corp (NASDAQ:NWS) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,782 shares of the company’s stock after selling 4,226 shares during the period. Toronto Dominion Bank’s holdings in News were worth $960,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NWS. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in News by 405.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock valued at $48,000 after purchasing an additional 2,768 shares in the last quarter. Aperio Group LLC acquired a new position in shares of News during the second quarter valued at about $75,000. CIBC Asset Management Inc acquired a new position in shares of News during the first quarter valued at about $129,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of News during the second quarter valued at about $152,000. Finally, Pacer Advisors Inc. raised its holdings in shares of News by 13.4% during the second quarter. Pacer Advisors Inc. now owns 11,746 shares of the company’s stock valued at $164,000 after purchasing an additional 1,389 shares during the period. Institutional investors own 10.48% of the company’s stock.

Shares of NASDAQ NWS traded down $0.22 during trading on Thursday, hitting $14.38. 19,160 shares of the company traded hands, compared to its average volume of 395,647. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.21. News Corp has a fifty-two week low of $10.85 and a fifty-two week high of $15.01. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 31.26 and a beta of 1.45. The business’s fifty day moving average is $14.11 and its 200 day moving average is $13.12.

News (NASDAQ:NWS) last posted its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter. News had a net margin of 1.54% and a return on equity of 2.59%. The company had revenue of $2.47 billion for the quarter. On average, analysts predict that News Corp will post 0.41 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, September 11th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 10th. News’s dividend payout ratio is presently 43.48%.

Separately, BidaskClub upgraded shares of News from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th.

In other News news, General Counsel David B. Pitofsky sold 30,919 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $13.83, for a total value of $427,609.77. Following the completion of the sale, the general counsel now owns 100,395 shares in the company, valued at approximately $1,388,462.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin Halpin sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $14.32, for a total transaction of $143,200.00. Following the completion of the sale, the chief financial officer now owns 67,499 shares of the company’s stock, valued at approximately $966,585.68. The disclosure for this sale can be found here. Insiders sold a total of 59,668 shares of company stock worth $837,421 in the last 90 days. 39.40% of the stock is currently owned by company insiders.

News Company Profile

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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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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