News Corporation (NASDAQ:NWS) announced its earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.01. News Corporation had a negative net margin of 4.43% and a positive return on equity of 1.61%. The business earned $2.12 billion during the quarter, compared to analysts’ expectations of $2.16 billion.
News Corporation (NASDAQ:NWS) opened at 13.60 on Monday. The firm’s market capitalization is $7.90 billion. The stock’s 50 day moving average is $12.47 and its 200-day moving average is $13.12. News Corporation has a 52 week low of $10.90 and a 52 week high of $15.22.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a dividend yield of 1.47%. News Corporation’s dividend payout ratio (DPR) is -31.25%.
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A number of large investors have recently added to or reduced their stakes in NWS. Elkfork Partners LLC bought a new position in shares of News Corporation during the fourth quarter valued at $313,000. Marshall Wace LLP bought a new position in shares of News Corporation during the fourth quarter valued at $212,000. Dimensional Fund Advisors LP raised its position in shares of News Corporation by 39.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,336,906 shares of the company’s stock valued at $15,777,000 after buying an additional 378,922 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of News Corporation during the fourth quarter valued at $295,000. Finally, State Street Corp raised its position in shares of News Corporation by 6.4% in the fourth quarter. State Street Corp now owns 3,906,545 shares of the company’s stock valued at $46,094,000 after buying an additional 235,185 shares in the last quarter. 9.41% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. Bank of America Corporation cut shares of News Corporation from a “neutral” rating to an “underperform” rating in a report on Thursday, October 27th. TheStreet cut shares of News Corporation from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Finally, Zacks Investment Research cut shares of News Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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