Baker Ellis Asset Management LLC acquired a new position in News Corporation (NASDAQ:NWS – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,160 shares of the company’s stock, valued at approximately $1,147,000.
Several other large investors have also recently made changes to their positions in NWS. Dimensional Fund Advisors LP raised its holdings in shares of News by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,977 shares of the company’s stock worth $50,233,000 after purchasing an additional 46,837 shares during the period. Metropolis Capital Ltd boosted its position in News by 18.7% during the first quarter. Metropolis Capital Ltd now owns 1,035,141 shares of the company’s stock worth $29,512,000 after purchasing an additional 163,356 shares during the period. Bank of America Corp DE lifted its stake in shares of News by 102.7% during the 1st quarter. Bank of America Corp DE now owns 844,576 shares of the company’s stock valued at $24,079,000 after buying an additional 427,841 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in News by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 699,074 shares of the company’s stock valued at $19,931,000 after acquiring an additional 2,193 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of News by 128.0% during the first quarter. Quantinno Capital Management LP now owns 681,468 shares of the company’s stock worth $19,429,000 after acquiring an additional 382,644 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.
News Trading Down 0.4%
News stock traded down $0.13 during trading hours on Wednesday, reaching $32.45. The company had a trading volume of 671,301 shares, compared to its average volume of 1,407,019. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.51. News Corporation has a 12-month low of $25.49 and a 12-month high of $35.76. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of 31.50 and a beta of 0.96. The company has a 50-day moving average price of $33.08 and a 200 day moving average price of $31.08.
News Announces Dividend
The business also recently declared a dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th were paid a $0.10 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend was Wednesday, September 9th. News’s dividend payout ratio is presently 19.42%.
Wall Street Analysts Forecast Growth
NWS has been the subject of a number of recent analyst reports. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of News in a research note on Friday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on News
News Profile
News Corp (NASDAQ: NWS) is a global diversified media and information services company headquartered in New York. Its businesses produce and distribute news, financial information, books, digital content and real estate listings across multiple platforms and geographies.
The company’s principal operations include Dow Jones, which provides business news, financial data and professional information services through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which operate newspapers, digital news properties and other media brands; and HarperCollins Publishers, a global publisher of books in a broad range of categories.
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