News (NASDAQ:NWS) Reaches New 12-Month High at $14.75

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News Corp (NASDAQ:NWS) hit a new 52-week high during trading on Monday . The company traded as high as $14.75 and last traded at $14.74, with a volume of 164182 shares changing hands. The stock had previously closed at $14.51.

Separately, BidaskClub upgraded shares of News from a “sell” rating to a “hold” rating in a research note on Wednesday.

The company has a market cap of $8.63 billion, a price-to-earnings ratio of 32.06 and a beta of 1.45. The firm’s 50 day simple moving average is $13.96 and its 200-day simple moving average is $13.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 1.21.

News (NASDAQ:NWS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter. News had a net margin of 1.54% and a return on equity of 2.59%. The firm had revenue of $2.47 billion for the quarter.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, September 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 10th.

In other News news, General Counsel David B. Pitofsky sold 30,919 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $13.83, for a total value of $427,609.77. Following the completion of the transaction, the general counsel now owns 100,395 shares in the company, valued at $1,388,462.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin Halpin sold 18,749 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $14.22, for a total transaction of $266,610.78. Following the completion of the sale, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $142,200. The disclosure for this sale can be found here. 39.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Independent Franchise Partners LLP increased its position in shares of News by 67.6% in the second quarter. Independent Franchise Partners LLP now owns 9,200,643 shares of the company’s stock worth $128,440,000 after acquiring an additional 3,710,115 shares in the last quarter. BlackRock Inc. lifted its holdings in News by 7.9% during the 2nd quarter. BlackRock Inc. now owns 7,123,851 shares of the company’s stock worth $99,450,000 after buying an additional 520,465 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of News by 39.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,032,455 shares of the company’s stock valued at $23,474,000 after acquiring an additional 574,125 shares during the last quarter. Geode Capital Management LLC raised its position in shares of News by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,628,593 shares of the company’s stock valued at $18,787,000 after acquiring an additional 109,255 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of News by 5,586.3% in the 1st quarter. State of Wisconsin Investment Board now owns 1,330,833 shares of the company’s stock valued at $16,622,000 after buying an additional 1,307,429 shares during the period. 10.48% of the stock is owned by institutional investors.

News Company Profile (NASDAQ:NWS)

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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