TD Asset Management Inc Purchases 9,381 Shares of News Corporation $NWS

TD Asset Management Inc lifted its position in News Corporation (NASDAQ:NWS) by 47.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,214 shares of the company’s stock after buying an additional 9,381 shares during the period. TD Asset Management Inc’s holdings in News were worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of News by 3.6% in the second quarter. Fifth Third Bancorp now owns 8,805 shares of the company’s stock worth $302,000 after buying an additional 302 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in News by 75.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company’s stock valued at $29,000 after purchasing an additional 414 shares during the period. Mather Group LLC. lifted its position in News by 6.2% during the second quarter. Mather Group LLC. now owns 7,130 shares of the company’s stock valued at $245,000 after purchasing an additional 419 shares during the period. CWM LLC lifted its position in News by 9.6% during the first quarter. CWM LLC now owns 4,837 shares of the company’s stock valued at $147,000 after purchasing an additional 425 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in News by 20.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock valued at $97,000 after purchasing an additional 542 shares during the period. Institutional investors own 14.63% of the company’s stock.

News Stock Down 0.5%

Shares of NWS stock opened at $29.85 on Thursday. News Corporation has a 12 month low of $26.25 and a 12 month high of $35.58. The stock has a market cap of $16.86 billion, a P/E ratio of 14.35 and a beta of 1.17. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $32.65 and a two-hundred day simple moving average of $32.52.

News (NASDAQ:NWS) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. News had a net margin of 13.21% and a return on equity of 5.66%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. On average, research analysts expect that News Corporation will post 1.03 earnings per share for the current year.

News Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a dividend yield of 63.0%. News’s dividend payout ratio is 9.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.