News Corp (NASDAQ:NWSA) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in News Corp (NASDAQ:NWSA) by 24.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,571 shares of the company’s stock after selling 21,912 shares during the quarter. State of Alaska Department of Revenue’s holdings in News were worth $954,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of News by 2.3% in the 2nd quarter. California Public Employees Retirement System now owns 812,338 shares of the company’s stock worth $10,958,000 after acquiring an additional 17,973 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in News by 7.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 69,512 shares of the company’s stock worth $938,000 after buying an additional 4,879 shares in the last quarter. Signition LP acquired a new stake in News during the 2nd quarter worth approximately $238,000. United Services Automobile Association lifted its holdings in News by 5.2% during the 2nd quarter. United Services Automobile Association now owns 139,855 shares of the company’s stock worth $1,887,000 after buying an additional 6,958 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in News by 0.3% during the 2nd quarter. Northern Trust Corp now owns 4,536,699 shares of the company’s stock worth $61,200,000 after buying an additional 14,550 shares in the last quarter. Hedge funds and other institutional investors own 62.63% of the company’s stock.

News stock traded down $0.04 during mid-day trading on Monday, reaching $13.46. 25,013 shares of the company’s stock were exchanged, compared to its average volume of 2,085,377. News Corp has a twelve month low of $10.65 and a twelve month high of $14.65. The company has a fifty day moving average of $13.88 and a 200-day moving average of $12.96. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.10. The company has a market cap of $7.71 billion, a P/E ratio of 29.21 and a beta of 1.49.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. 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, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that News Corp will post 0.4 earnings per share for the current fiscal year.

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

A number of research firms have issued reports on NWSA. BidaskClub lowered shares of News from a “hold” rating to a “sell” rating in a report on Saturday. Credit Suisse Group upgraded shares of News from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.70 to $15.30 in a report on Sunday, August 11th. JPMorgan Chase & Co. lowered shares of News from a “neutral” rating to an “underweight” rating in a report on Thursday, July 18th. Finally, ValuEngine upgraded shares of News from a “sell” rating to a “hold” rating in a report on Monday, June 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.15.

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:NWSA)

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