New York State Teachers Retirement System Sells 4,081 Shares of News Corporation $NWSA

New York State Teachers Retirement System lowered its stake in shares of News Corporation (NASDAQ:NWSA) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 409,603 shares of the company’s stock after selling 4,081 shares during the quarter. New York State Teachers Retirement System’s holdings in News were worth $12,173,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of News by 12,084.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company’s stock valued at $43,000 after buying an additional 1,571 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of News during the first quarter worth $73,000. Horizon Investments LLC boosted its position in shares of News by 7.7% in the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock worth $152,000 after purchasing an additional 398 shares in the last quarter. Mather Group LLC. grew its stake in News by 10.4% during the 1st quarter. Mather Group LLC. now owns 6,465 shares of the company’s stock worth $176,000 after buying an additional 610 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in News by 17.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 6,207 shares of the company’s stock worth $184,000 after buying an additional 912 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NWSA. JPMorgan Chase & Co. raised their price target on News from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Macquarie restated a “neutral” rating and set a $32.70 price target on shares of News in a research note on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, News currently has a consensus rating of “Buy” and a consensus price target of $38.62.

News Stock Performance

NWSA opened at $26.02 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. News Corporation has a 12-month low of $23.38 and a 12-month high of $31.61. The firm has a 50 day moving average of $29.07 and a two-hundred day moving average of $28.39. The firm has a market capitalization of $14.70 billion, a PE ratio of 12.51 and a beta of 1.17.

News (NASDAQ:NWSA) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. News had a net margin of 13.21% and a return on equity of 5.66%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts anticipate that News Corporation will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a half year 25 dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th were issued a $0.10 dividend. This represents a dividend yield of 70.0%. The ex-dividend date of this dividend was Wednesday, September 10th. News’s payout ratio is 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.