Trading Report: The Candriam Luxembourg S.C.A. reaches $375,000 position of News Corp. (NWSA)

The Candriam Luxembourg S.C.A. reaches $375,000 position  of News Corp. (NWSA)

Candriam Luxembourg S.C.A. continued to hold its position in shares of News Corp. (NASDAQ:NWSA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,000 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in News Corp. were worth $375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in News Corp. by 667.9% in the first quarter. Meeder Asset Management Inc. now owns 95,138 shares of the company’s stock worth $1,215,000 after buying an additional 82,749 shares during the last quarter. State Street Corp raised its position in shares of News Corp. by 0.5% in the first quarter. State Street Corp now owns 16,030,382 shares of the company’s stock worth $204,712,000 after buying an additional 82,125 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of News Corp. during the first quarter worth approximately $502,000. Canada Pension Plan Investment Board raised its position in shares of News Corp. by 9.3% in the first quarter. Canada Pension Plan Investment Board now owns 322,700 shares of the company’s stock worth $4,121,000 after buying an additional 27,400 shares during the period. Finally, Credit Agricole S A raised its position in shares of News Corp. by 19.8% in the first quarter. Credit Agricole S A now owns 65,350 shares of the company’s stock worth $835,000 after buying an additional 10,791 shares during the period. 95.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of News Corp. (NASDAQ:NWSA) traded down 1.46% during trading on Wednesday, hitting $13.47. 2,907,016 shares of the stock traded hands. The company has a 50 day moving average price of $13.93 and a 200 day moving average price of $12.71. News Corp. has a 12 month low of $10.21 and a 12 month high of $15.68. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 44.16 and a beta of 2.01.

News Corp. (NASDAQ:NWSA) last posted its earnings results on Monday, August 8th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.03. News Corp. had a return on equity of 1.95% and a net margin of 2.16%. The company earned $2.23 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that News Corp. will post $0.46 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be given a $0.10 dividend. The ex-dividend date is Monday, September 12th. News Corp.’s dividend payout ratio is 66.67%.

A number of equities analysts have recently commented on NWSA shares. TheStreet upgraded shares of News Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Zacks Investment Research lowered shares of News Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Morgan Stanley reiterated a “hold” rating on shares of News Corp. in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.13.

In related news, CFO Bedi Ajay Singh sold 29,857 shares of News Corp. stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $14.39, for a total transaction of $429,642.23. Following the completion of the transaction, the chief financial officer now directly owns 33,667 shares of the company’s stock, valued at approximately $484,468.13. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.88% of the company’s stock.

About News Corp.

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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