International Value Advisers LLC cut its holdings in News Corp (NASDAQ:NWSA) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,400,645 shares of the company’s stock after selling 49,953 shares during the quarter. News makes up about 6.2% of International Value Advisers LLC’s holdings, making the stock its 5th biggest holding. International Value Advisers LLC owned 2.30% of News worth $217,224,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in NWSA. Acadian Asset Management LLC purchased a new stake in shares of News in the 4th quarter worth about $24,086,000. Independent Franchise Partners LLP grew its position in shares of News by 22.6% in the 4th quarter. Independent Franchise Partners LLP now owns 6,537,054 shares of the company’s stock worth $105,965,000 after buying an additional 1,204,157 shares during the period. PGGM Investments purchased a new stake in shares of News in the 4th quarter worth about $14,524,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of News in the 4th quarter worth about $12,920,000. Finally, BNP Paribas Arbitrage SA grew its position in News by 211.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 930,174 shares of the company’s stock valued at $12,334,000 after purchasing an additional 631,863 shares during the last quarter. 62.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of News Corp (NASDAQ NWSA) opened at $16.47 on Monday. News Corp has a 1 year low of $12.19 and a 1 year high of $17.29. The company has a market cap of $9,597.69, a PE ratio of 33.61, a P/E/G ratio of 2.55 and a beta of 1.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 1.64.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be paid a dividend of $0.10 per share. This represents a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 13th. News’s dividend payout ratio is currently -25.97%.
Several analysts recently commented on NWSA shares. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Zacks Investment Research downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Jefferies Group reissued a “buy” rating on shares of News in a research report on Friday, February 9th.
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News Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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