United Services Automobile Association raised its position in News Corporation (NASDAQ:NWS) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,296 shares of the company’s stock after buying an additional 1,218 shares during the period. United Services Automobile Association’s holdings in News Corporation were worth $504,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock valued at $146,000 after buying an additional 138 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in News Corporation by 11.0% in the first quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the company’s stock valued at $163,000 after buying an additional 1,200 shares during the period. Cibc World Markets Corp acquired a new stake in News Corporation during the first quarter valued at $169,000. World Asset Management Inc boosted its stake in News Corporation by 10.3% in the first quarter. World Asset Management Inc now owns 12,760 shares of the company’s stock valued at $172,000 after buying an additional 1,195 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in News Corporation by 1.2% in the first quarter. Capstone Asset Management Co. now owns 13,700 shares of the company’s stock valued at $185,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 9.73% of the company’s stock.
News Corporation (NASDAQ NWS) opened at 14.35 on Friday. News Corporation has a 12 month low of $11.25 and a 12 month high of $15.22. The stock has a 50 day moving average price of $14.00 and a 200 day moving average price of $13.25. The company’s market cap is $8.35 billion.
News Corporation (NASDAQ:NWS) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The firm had revenue of $1.98 billion during the quarter. Analysts anticipate that News Corporation will post $1.39 earnings per share for the current fiscal year.
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Separately, BidaskClub upgraded News Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
About News Corporation
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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