Geode Capital Management LLC increased its holdings in News Corp (NASDAQ:NWSA) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,391,805 shares of the company’s stock after buying an additional 196,709 shares during the period. Geode Capital Management LLC’s holdings in News were worth $71,057,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Mutual of America Capital Management LLC raised its stake in News by 31.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 52,995 shares of the company’s stock valued at $859,000 after purchasing an additional 12,777 shares during the last quarter. Swiss National Bank raised its stake in News by 0.4% in the 4th quarter. Swiss National Bank now owns 1,410,199 shares of the company’s stock valued at $22,859,000 after purchasing an additional 5,200 shares during the last quarter. PGGM Investments acquired a new position in News in the 4th quarter valued at about $14,524,000. California Public Employees Retirement System raised its stake in News by 5.0% in the 4th quarter. California Public Employees Retirement System now owns 1,006,678 shares of the company’s stock valued at $16,318,000 after purchasing an additional 48,034 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in News by 12.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 91,513 shares of the company’s stock valued at $1,213,000 after purchasing an additional 10,114 shares during the last quarter. Institutional investors and hedge funds own 62.12% of the company’s stock.
News Corp (NASDAQ NWSA) opened at $16.37 on Wednesday. News Corp has a one year low of $12.19 and a one year high of $17.29. The firm has a market cap of $9,644.31, a PE ratio of 33.78, a P/E/G ratio of 2.56 and a beta of 1.97. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.27%. The ex-dividend date is Tuesday, March 13th. News’s dividend payout ratio is currently -25.97%.
Several research analysts recently weighed in on NWSA shares. Zacks Investment Research downgraded 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 research note on Tuesday, December 5th. Finally, Jefferies Group reissued a “buy” rating on shares of News in a research note on Friday, February 9th.
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News Company Profile
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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