News Co. (NASDAQ:NWSA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in News Co. (NASDAQ:NWSA) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,726,521 shares of the company’s stock after selling 140,701 shares during the period. Dimensional Fund Advisors LP owned about 0.83% of News worth $130,318,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. US Bancorp DE raised its position in shares of News by 2.4% in the first quarter. US Bancorp DE now owns 18,406 shares of the company’s stock valued at $482,000 after buying an additional 424 shares during the last quarter. Empirical Finance LLC raised its position in shares of News by 3.5% in the first quarter. Empirical Finance LLC now owns 13,898 shares of the company’s stock valued at $364,000 after buying an additional 465 shares during the last quarter. Fifth Third Bancorp raised its position in shares of News by 3.7% in the second quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock valued at $381,000 after buying an additional 496 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares during the last quarter. Finally, CWM LLC increased its position in News by 7.8% during the second quarter. CWM LLC now owns 7,339 shares of the company’s stock worth $202,000 after purchasing an additional 532 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Loop Capital upped their price target on shares of News from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, News presently has a consensus rating of “Buy” and a consensus target price of $38.00.

News Price Performance

NWSA opened at $26.34 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. News Co. has a 52-week low of $19.25 and a 52-week high of $28.62. The company has a 50 day moving average of $27.20 and a two-hundred day moving average of $26.48. The company has a market cap of $15.01 billion, a P/E ratio of 73.17 and a beta of 1.34.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.49 billion. News had a net margin of 2.64% and a return on equity of 4.51%. News’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts expect that News Co. will post 0.87 earnings per share for the current year.

News Dividend Announcement

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Wednesday, September 11th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, September 11th. This represents a dividend yield of 0.7%. News’s dividend payout ratio (DPR) is presently 55.56%.

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.