Geode Capital Management LLC grew its stake in shares of News Corp (NASDAQ:NWSA) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,391,805 shares of the company’s stock after purchasing an additional 196,709 shares during the period. Geode Capital Management LLC owned approximately 0.75% of News worth $71,057,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of News during the 4th quarter worth $128,000. LMR Partners LLP purchased a new stake in shares of News during the 3rd quarter worth $134,000. Vident Investment Advisory LLC purchased a new stake in shares of News during the 3rd quarter worth $140,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of News during the 3rd quarter worth $149,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of News during the 4th quarter worth $202,000. Institutional investors own 62.12% of the company’s stock.
Shares of News Corp (NWSA) opened at $16.37 on Wednesday. News Corp has a 1 year low of $12.19 and a 1 year high of $17.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $9,644.31, a PE ratio of 33.78, a P/E/G ratio of 2.56 and a beta of 1.97.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a dividend yield of 1.27%. News’s dividend payout ratio is presently -25.97%.
Several brokerages have commented on NWSA. Zacks Investment Research lowered shares of News from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Jefferies Group restated a “buy” rating on shares of News in a research report on Friday, February 9th. Finally, TheStreet lowered shares of News from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th.
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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