Graham Capital Management L.P. Bolsters Shares in News Corporation

Graham Capital Management L.P., an investment management firm, has substantially increased its investment in News Corporation (NASDAQ:NWS). During the third quarter, the firm grew its position in the media conglomerate by a robust 46.9%. This increase is the result of an additional acquisition of 5,875 shares, bringing Graham Capital Management's total ownership to 18,410 shares of News Co. By the end of this reporting period, the value of these shares was estimated at $384,000.

Institutional Investors Adjust Stakes in News Co.

Other institutional investors have made adjustments to their stakes in News Co. as well. For instance, Glenmede Trust Co. NA initiated a new position in the company's stock during the third quarter, valued at $25,000. Captrust Financial Advisors increased their holding by 40.6% in the second quarter, now owning 2,378 shares valued at $38,000. Notably, V Square Quantitative Management LLC started a new stake in the third quarter worth about $48,000. Additionally, UBS Group AG expanded its News Co. shares by 128.8% in the first quarter, acquiring 2,231 shares which now are valued at $50,000. Bessemer Group Inc. also doubled down on their investment, enhancing its stake by 109.1% during the second quarter, with a current holding of 2,585 shares at $51,000. Together, institutional investors hold 13.46% of News Co.'s stock.

News Co. Shares and Economic Performance

On the trading front, News Co.'s stock opened at $26.44 on Monday. Notable financial ratios for the company include a debt-to-equity ratio of 0.33, along with liquidity ratios such as a quick ratio of 1.33 and a current ratio of 1.44. The company's shares have been fluctuating around a fifty-day moving average price of $26.42 and a two hundred-day moving average price of $23.85. With a market capitalization of $15.10 billion, a P/E ratio of 66.10, and a beta of 1.35, the stock's witnessing pronounced movement. News Co. marked a one-year low at $15.85 and peaked at a one-year high of $28.92.

Revealing its financial performance, News Co. announced a quarterly earnings of $0.26 per share on February 7th. The company reported a return on equity of 4.14%, alongside a net margin of 2.29%, with quarterly revenue reaching $2.59 billion.

Dividend Declaration by News Co.

News Co. has also recently declared a semi-annual dividend, scheduled to be paid out on April 10th. Shareholders on record as of March 13th will receive $0.10 per share, amounting to a yield of 0.7%. The ex-dividend date is March 12th and the firm's dividend payout ratio stands at 50.00%.

About News Corporation

News Corporation, a prominent media and information services entity, delivers compelling content across various platforms to a global audience. It operates diversified segments including Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and other ventures.

Investment, Portfolio, Stocks