Bank of New York Mellon Corp increased its position in News Corp (NASDAQ:NWSA) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,386,185 shares of the company’s stock after purchasing an additional 6,118 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.58% of News worth $44,899,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. bought a new stake in News during the 3rd quarter valued at $1,127,000. CIBC Asset Management Inc boosted its position in News by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 43,630 shares of the company’s stock valued at $598,000 after acquiring an additional 133 shares in the last quarter. Dodge & Cox boosted its position in News by 10.6% during the 2nd quarter. Dodge & Cox now owns 10,882,034 shares of the company’s stock valued at $149,084,000 after acquiring an additional 1,040,473 shares in the last quarter. Quinn Opportunity Partners LLC boosted its position in News by 15.7% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 393,358 shares of the company’s stock valued at $5,389,000 after acquiring an additional 53,455 shares in the last quarter. Finally, AXA boosted its position in News by 32.0% during the 2nd quarter. AXA now owns 1,073,950 shares of the company’s stock valued at $14,713,000 after acquiring an additional 260,500 shares in the last quarter. 60.97% of the stock is currently owned by institutional investors.

Shares of News Corp (NWSA) opened at $16.40 on Wednesday. News Corp has a twelve month low of $11.41 and a twelve month high of $16.87. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $9,636.55, a price-to-earnings ratio of 37.59, a PEG ratio of 3.36 and a beta of 2.06.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. News had a positive return on equity of 2.27% and a negative net margin of 7.96%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business posted ($0.01) EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts expect that News Corp will post 0.49 earnings per share for the current year.

Separately, Zacks Investment Research raised News from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. News currently has a consensus rating of “Hold” and a consensus target price of $15.40.

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News 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.

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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