Hartford Investment Management Co. Sells 915 Shares of News Corporation (NASDAQ:NWS)

Hartford Investment Management Co. reduced its position in News Corporation (NASDAQ:NWS) by 11.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,816 shares of the company’s stock after selling 915 shares during the period. Hartford Investment Management Co.’s holdings in News were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in News by 9.6% during the 1st quarter. CWM LLC now owns 4,837 shares of the company’s stock valued at $147,000 after buying an additional 425 shares in the last quarter. American Century Companies Inc. grew its holdings in News by 1.5% during the 4th quarter. American Century Companies Inc. now owns 29,896 shares of the company’s stock valued at $910,000 after buying an additional 429 shares in the last quarter. MetLife Investment Management LLC grew its holdings in News by 1.5% during the 4th quarter. MetLife Investment Management LLC now owns 29,660 shares of the company’s stock valued at $903,000 after buying an additional 450 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in News by 20.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock valued at $97,000 after buying an additional 542 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in News by 7.7% during the 1st quarter. Wedmont Private Capital now owns 8,578 shares of the company’s stock valued at $259,000 after buying an additional 615 shares in the last quarter. 14.63% of the stock is currently owned by institutional investors.

News Stock Up 1.1%

Shares of NASDAQ NWS opened at $33.60 on Tuesday. News Corporation has a 12 month low of $26.04 and a 12 month high of $35.41. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 39.07 and a beta of 1.23. The business has a 50-day moving average of $33.29 and a 200-day moving average of $32.15.

News (NASDAQ:NWS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). News had a return on equity of 5.64% and a net margin of 5.18%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2 billion. Sell-side analysts expect that News Corporation will post 1.03 earnings per share for the current fiscal year.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.