Mutual of America Capital Management LLC Has $1.29 Million Stock Holdings in News Corporation $NWSA

Mutual of America Capital Management LLC cut its holdings in News Corporation (NASDAQ:NWSA) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,250 shares of the company’s stock after selling 707 shares during the quarter. Mutual of America Capital Management LLC’s holdings in News were worth $1,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of News by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 126,293 shares of the company’s stock worth $3,753,000 after buying an additional 344 shares during the last quarter. Signaturefd LLC lifted its stake in shares of News by 3.5% in the first quarter. Signaturefd LLC now owns 11,833 shares of the company’s stock worth $322,000 after buying an additional 398 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of News by 7.7% in the first quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock worth $152,000 after buying an additional 398 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of News by 5.4% in the second quarter. GAMMA Investing LLC now owns 9,545 shares of the company’s stock worth $284,000 after buying an additional 487 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of News by 10.4% in the first quarter. Mather Group LLC. now owns 6,465 shares of the company’s stock worth $176,000 after buying an additional 610 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NWSA shares. Weiss Ratings restated a “buy (b)” rating on shares of News in a research note on Saturday. Zacks Research cut shares of News from a “hold” rating to a “strong sell” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of News from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Macquarie restated a “neutral” rating and issued a $32.70 price objective on shares of News in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.62.

News Trading Down 0.3%

Shares of NWSA stock opened at $26.32 on Monday. News Corporation has a 1 year low of $23.38 and a 1 year high of $31.61. The firm’s fifty day simple moving average is $28.78 and its 200 day simple moving average is $28.47. The firm has a market capitalization of $14.87 billion, a P/E ratio of 12.65 and a beta of 1.17. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSA) last issued its earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business earned $0.17 earnings per share. News’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that News Corporation will post 0.94 EPS for the current year.

News Announces Dividend

The firm also recently declared a half year 25 dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th were issued a $0.10 dividend. This represents a yield of 70.0%. The ex-dividend date of this dividend was Wednesday, September 10th. News’s payout ratio is 9.62%.

News 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.