Cetera Investment Advisers Raises Stock Position in News Corporation (NASDAQ:NWS)

Cetera Investment Advisers lifted its holdings in News Corporation (NASDAQ:NWS) by 60.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,592 shares of the company’s stock after buying an additional 22,421 shares during the quarter. Cetera Investment Advisers’ holdings in News were worth $1,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 59 North Capital Management LP boosted its stake in News by 29.4% in the 4th quarter. 59 North Capital Management LP now owns 4,345,606 shares of the company’s stock worth $132,237,000 after purchasing an additional 986,781 shares in the last quarter. Independent Franchise Partners LLP lifted its stake in shares of News by 7.0% in the 4th quarter. Independent Franchise Partners LLP now owns 9,649,717 shares of the company’s stock worth $293,641,000 after purchasing an additional 627,774 shares during the period. GAMMA Investing LLC lifted its stake in shares of News by 4,373.6% in the 1st quarter. GAMMA Investing LLC now owns 348,496 shares of the company’s stock worth $11,475,000 after purchasing an additional 340,706 shares during the period. Cooper Investors PTY Ltd. purchased a new stake in News in the 1st quarter worth approximately $7,155,000. Finally, Dimensional Fund Advisors LP increased its holdings in News by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,125 shares of the company’s stock worth $59,799,000 after acquiring an additional 160,922 shares in the last quarter. 14.63% of the stock is owned by hedge funds and other institutional investors.

News Trading Down 1.8%

Shares of NWS opened at $32.95 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.60. News Corporation has a 1 year low of $26.25 and a 1 year high of $35.58. The company has a 50 day simple moving average of $33.35 and a two-hundred day simple moving average of $32.21. The firm has a market cap of $18.65 billion, a P/E ratio of 15.84 and a beta of 1.23.

News (NASDAQ:NWS) last posted its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%. On average, equities analysts expect that News Corporation will post 1.03 earnings per share for the current fiscal year.

News Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.10 per share. This represents a dividend yield of 60.0%. The ex-dividend date is Wednesday, September 10th. News’s dividend payout ratio (DPR) is 9.62%.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.