News Corporation $NWS Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of News Corporation (NASDAQ:NWSFree Report) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 661,412 shares of the company’s stock after purchasing an additional 81,986 shares during the quarter. JPMorgan Chase & Co.’s holdings in News were worth $22,852,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of News by 23.1% in the third quarter. Vanguard Group Inc. now owns 8,819,105 shares of the company’s stock valued at $304,700,000 after buying an additional 1,657,727 shares in the last quarter. L1 Capital Pty Ltd purchased a new position in News in the 3rd quarter worth approximately $117,040,000. Dimensional Fund Advisors LP grew its position in News by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,960,509 shares of the company’s stock valued at $67,733,000 after acquiring an additional 7,675 shares in the last quarter. Invesco Ltd. grew its position in News by 1.5% in the third quarter. Invesco Ltd. now owns 1,544,073 shares of the company’s stock valued at $53,348,000 after acquiring an additional 22,587 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of News by 100.5% during the third quarter. UBS Group AG now owns 1,047,526 shares of the company’s stock valued at $36,192,000 after purchasing an additional 525,119 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Trading Down 1.1%

NWS opened at $27.17 on Wednesday. News Corporation has a 12-month low of $25.49 and a 12-month high of $35.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The stock has a market capitalization of $15.09 billion, a PE ratio of 13.38 and a beta of 0.96. The firm’s fifty day moving average price is $27.91 and its 200 day moving average price is $29.58.

News (NASDAQ:NWSGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. As a group, research analysts expect that News Corporation will post 1.03 EPS for the current fiscal year.

News Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be issued a $0.10 dividend. This represents a yield of 73.0%. The ex-dividend date of this dividend is Wednesday, March 11th. News’s payout ratio is currently 9.85%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NWS. Weiss Ratings raised shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 10th. Zacks Research raised shares of News from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Read Our Latest Stock Report on News

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News Company Profile

(Free Report)

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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