Municipal Employees Retirement System of Michigan Takes $50,000 Position in News Corp (NWS)

Municipal Employees Retirement System of Michigan bought a new stake in shares of News Corp (NASDAQ:NWS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,290 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of News by 3.2% in the 4th quarter. BlackRock Inc. now owns 6,496,038 shares of the company’s stock worth $75,029,000 after acquiring an additional 198,839 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of News by 39.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,032,455 shares of the company’s stock worth $23,474,000 after acquiring an additional 574,125 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of News by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 1,628,593 shares of the company’s stock worth $18,787,000 after acquiring an additional 109,255 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of News by 1.2% in the 4th quarter. Northern Trust Corp now owns 1,155,304 shares of the company’s stock worth $13,343,000 after acquiring an additional 14,219 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of News by 6.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 941,417 shares of the company’s stock worth $12,803,000 after acquiring an additional 61,124 shares during the last quarter. Institutional investors and hedge funds own 9.60% of the company’s stock.

Shares of NASDAQ NWS opened at $12.63 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. News Corp has a 52 week low of $10.85 and a 52 week high of $16.80. The firm has a market capitalization of $7.39 billion, a P/E ratio of 25.82 and a beta of 1.42.

News (NASDAQ:NWS) last issued its earnings results on Thursday, February 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. News had a negative net margin of 13.11% and a positive return on equity of 2.70%. The company had revenue of $2.63 billion for the quarter.

The company also recently announced a semiannual dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th were paid a $0.10 dividend. This represents a dividend yield of 1.58%. The ex-dividend date was Tuesday, March 12th.

A number of equities research analysts have recently weighed in on NWS shares. BidaskClub lowered shares of News from a “hold” rating to a “sell” rating in a report on Friday, December 28th. TheStreet downgraded shares of News from a “c” rating to a “d+” rating in a research note on Tuesday, March 19th.

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News Company Profile

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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Institutional Ownership by Quarter for News (NASDAQ:NWS)

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