Czech National Bank Acquires 1,591 Shares of News Corporation $NWS

Czech National Bank increased its holdings in News Corporation (NASDAQ:NWS) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,233 shares of the company’s stock after acquiring an additional 1,591 shares during the quarter. Czech National Bank’s holdings in News were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of News by 1.5% during the 4th quarter. Ameriprise Financial Inc. now owns 58,208 shares of the company’s stock valued at $1,771,000 after acquiring an additional 878 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of News by 22.5% in the 4th quarter. Cetera Investment Advisers now owns 37,171 shares of the company’s stock worth $1,131,000 after purchasing an additional 6,821 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of News by 16.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,317 shares of the company’s stock worth $1,075,000 after purchasing an additional 4,950 shares during the period. Quantinno Capital Management LP lifted its stake in shares of News by 43.9% in the 4th quarter. Quantinno Capital Management LP now owns 41,176 shares of the company’s stock worth $1,253,000 after purchasing an additional 12,568 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of News by 12.2% in the 4th quarter. Rafferty Asset Management LLC now owns 9,726 shares of the company’s stock worth $296,000 after purchasing an additional 1,061 shares during the period. Hedge funds and other institutional investors own 14.63% of the company’s stock.

News Trading Up 1.1%

News stock opened at $33.92 on Friday. The firm’s 50 day moving average price is $33.67 and its 200-day moving average price is $32.38. News Corporation has a 1 year low of $26.25 and a 1 year high of $35.58. 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 stock has a market cap of $19.16 billion, a P/E ratio of 16.31 and a beta of 1.18.

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

News Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a dividend yield of 63.0%. News’s dividend payout ratio (DPR) is 9.62%.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of News to a “strong sell” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.