Charles Schwab Investment Management Inc. Has $804,000 Holdings in News Corporation $NWS

Charles Schwab Investment Management Inc. raised its position in shares of News Corporation (NASDAQ:NWS) by 109.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,468 shares of the company’s stock after acquiring an additional 13,836 shares during the period. Charles Schwab Investment Management Inc.’s holdings in News were worth $804,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of News by 3,546.2% during the first quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock worth $29,000 after acquiring an additional 922 shares during the period. Mufg Securities Americas Inc. bought a new stake in shares of News during the fourth quarter worth approximately $50,000. Point72 Hong Kong Ltd bought a new stake in shares of News during the fourth quarter worth approximately $96,000. Asset Management One Co. Ltd. boosted its holdings in shares of News by 20.3% during the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock worth $97,000 after acquiring an additional 542 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of News by 5,349.4% during the first quarter. Versant Capital Management Inc now owns 4,523 shares of the company’s stock worth $137,000 after acquiring an additional 4,440 shares during the period. Institutional investors own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded News to a “strong sell” rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, News has a consensus rating of “Buy”.

News Stock Down 1.9%

Shares of NWS opened at $33.21 on Wednesday. News Corporation has a one year low of $26.25 and a one year high of $35.58. The company has a market cap of $18.76 billion, a P/E ratio of 15.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The firm has a 50 day simple moving average of $33.99 and a two-hundred day simple moving average of $32.37.

News (NASDAQ:NWS) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. News had a net margin of 13.21% and a return on equity of 5.66%. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. Research analysts forecast that News Corporation will post 1.03 EPS for the current fiscal year.

News Announces Dividend

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

News Company Profile

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.