News Corporation (NASDAQ:NWS) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its position in News Corporation (NASDAQ:NWS) by 38.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 72,484 shares of the company’s stock after acquiring an additional 20,160 shares during the period. National Bank of Canada FI’s holdings in News were worth $2,201,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in News by 5.3% during the first quarter. Vanguard Group Inc. now owns 6,879,273 shares of the company’s stock worth $208,924,000 after purchasing an additional 344,036 shares during the last quarter. 59 North Capital Management LP boosted its holdings in News by 29.4% in the fourth quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company’s stock valued at $132,237,000 after acquiring an additional 986,781 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in News by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company’s stock worth $59,799,000 after acquiring an additional 160,922 shares during the last quarter. Northern Trust Corp raised its holdings in shares of News by 1.2% in the 4th quarter. Northern Trust Corp now owns 939,188 shares of the company’s stock worth $28,579,000 after purchasing an additional 10,716 shares during the period. Finally, Metropolis Capital Ltd lifted its stake in shares of News by 11.8% in the 1st quarter. Metropolis Capital Ltd now owns 609,566 shares of the company’s stock valued at $18,513,000 after purchasing an additional 64,248 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Stock Up 1.1%

Shares of NASDAQ:NWS opened at $34.40 on Friday. The stock has a 50-day simple moving average of $33.46 and a 200-day simple moving average of $32.27. The stock has a market capitalization of $19.47 billion, a P/E ratio of 16.54 and a beta of 1.23. News Corporation has a 1 year low of $26.25 and a 1 year high of $35.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84.

News (NASDAQ:NWS) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share 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 firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Equities analysts forecast that News Corporation will post 1.03 earnings per share for the current year.

News Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, September 10th. News’s payout ratio is currently 9.62%.

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.