News Corporation $NWS Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in News Corporation (NASDAQ:NWS) by 99.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,448 shares of the company’s stock after selling 2,512,542 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in News were worth $236,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in News by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,761,977 shares of the company’s stock valued at $50,233,000 after purchasing an additional 46,837 shares in the last quarter. Bank of America Corp DE grew its stake in shares of News by 102.7% in the 1st quarter. Bank of America Corp DE now owns 844,576 shares of the company’s stock worth $24,079,000 after buying an additional 427,841 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of News by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 699,074 shares of the company’s stock worth $19,931,000 after buying an additional 2,193 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of News by 128.0% in the 1st quarter. Quantinno Capital Management LP now owns 681,468 shares of the company’s stock worth $19,429,000 after buying an additional 382,644 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of News by 60.4% in the 4th quarter. Hsbc Holdings PLC now owns 268,349 shares of the company’s stock worth $7,971,000 after buying an additional 101,018 shares during the last quarter. Institutional investors own 14.63% of the company’s stock.

News Price Performance

NASDAQ NWS opened at $32.76 on Wednesday. The business’s 50 day moving average price is $33.12 and its 200-day moving average price is $30.42. News Corporation has a fifty-two week low of $25.49 and a fifty-two week high of $35.76.

News (NASDAQ:NWS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.25 billion. On average, equities research analysts expect that News Corporation will post 1.31 earnings per share for the current year.

News Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 9th. This represents a yield of 60.0%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NWS. Weiss Ratings upgraded shares of News from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, News currently has an average rating of “Moderate Buy”.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company with businesses spanning news, publishing, digital real estate services and subscription-based content. The company operates through a portfolio of brands that serve consumers, professionals and businesses across multiple markets.

Its major operations include Dow Jones, which provides business news, financial information and data through publications such as The Wall Street Journal and Barron’s; News Corp Australia and News UK, which publish newspapers and digital news platforms; and HarperCollins Publishers, a global book publishing company.