V Square Quantitative Management LLC Increases Stake in News Corporation $NWSA

V Square Quantitative Management LLC increased its holdings in News Corporation (NASDAQ:NWSA) by 17.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,207 shares of the company’s stock after purchasing an additional 912 shares during the period. V Square Quantitative Management LLC’s holdings in News were worth $184,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new stake in shares of News in the 1st quarter valued at $36,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of News by 12,084.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company’s stock valued at $43,000 after purchasing an additional 1,571 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of News in the 1st quarter valued at $73,000. CX Institutional purchased a new stake in shares of News in the 1st quarter valued at $76,000. Finally, Horizon Investments LLC boosted its stake in shares of News by 7.7% in the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock valued at $152,000 after purchasing an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Down 1.4%

NASDAQ:NWSA opened at $28.55 on Friday. The company has a 50-day moving average price of $29.61 and a 200-day moving average price of $28.41. News Corporation has a 12 month low of $23.38 and a 12 month high of $31.61. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The stock has a market cap of $16.13 billion, a price-to-earnings ratio of 13.73 and a beta of 1.17.

News (NASDAQ:NWSA) last posted 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 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 analysts’ expectations of $2.09 billion. During the same period last year, the company posted $0.17 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that News Corporation will post 0.94 EPS for the current year.

News Announces Dividend

The business also recently announced a half year 25 dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th will be given a $0.10 dividend. This represents a dividend yield of 70.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News’s dividend payout ratio (DPR) is currently 9.62%.

Analyst Ratings Changes

NWSA has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of News from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Macquarie reissued a “neutral” rating and set a $32.70 price target on shares of News in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, News presently has a consensus rating of “Buy” and an average target price of $38.62.

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.