A number of other hedge funds and other institutional investors have also made changes to their positions in NWS. Norges Bank purchased a new position in shares of News Corporation during the fourth quarter worth $14,029,000. Dimensional Fund Advisors LP raised its position in shares of News Corporation by 39.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,336,906 shares of the company’s stock worth $15,777,000 after buying an additional 378,922 shares in the last quarter. State Street Corp raised its position in shares of News Corporation by 6.4% in the fourth quarter. State Street Corp now owns 3,906,545 shares of the company’s stock worth $46,094,000 after buying an additional 235,185 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of News Corporation during the fourth quarter worth $2,349,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of News Corporation during the first quarter worth $1,180,000. 9.76% of the stock is currently owned by institutional investors.
OppenheimerFunds Inc. increased its position in News Corporation (NASDAQ:NWS) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,117 shares of the company’s stock after buying an additional 751 shares during the period. OppenheimerFunds Inc.’s holdings in News Corporation were worth $528,000 as of its most recent filing with the SEC.
News Corporation (NASDAQ NWS) traded down 0.67% during midday trading on Wednesday, hitting $14.75. The company had a trading volume of 592,854 shares. The stock’s market cap is $8.58 billion. News Corporation has a 52-week low of $11.25 and a 52-week high of $15.22. The stock’s 50-day moving average price is $14.16 and its 200-day moving average price is $13.39.
News Corporation (NASDAQ:NWS) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The company had revenue of $1.98 billion for the quarter. On average, equities research analysts expect that News Corporation will post $1.39 EPS for the current fiscal year.
Several analysts recently commented on the company. Citigroup Inc. upgraded News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th. BidaskClub downgraded News Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold”.
News Corporation 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.