13,805 Shares in News Corporation (NASDAQ:NWSA) Acquired by Global Endowment Management LP

Key Points

• Global Endowment Management LP acquired 13,805 shares of News Corporation (NASDAQ:NWSA), valued at approximately $376,000, marking a new position for the institutional investor in the 1st quarter.
• News Corporation recently declared a $0.10 dividend to be paid on October 8th, with a yield of 70.0%, and a low dividend payout ratio of 9.62%.
• The company's recent earnings report showed earnings of $0.19 per share, aligning with analysts' consensus estimates, and a revenue of $2.11 billion, surpassing expectations.

Global Endowment Management LP bought a new position in News Corporation (NASDAQ:NWSA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,805 shares of the company's stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in News by 3.5% in the 1st quarter. Signaturefd LLC now owns 11,833 shares of the company's stock worth $322,000 after purchasing an additional 398 shares during the period. Horizon Investments LLC boosted its stake in News by 7.7% in the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company's stock worth $152,000 after purchasing an additional 398 shares during the period. Boyar Asset Management Inc. boosted its stake in News by 2.9% in the 4th quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company's stock worth $419,000 after purchasing an additional 422 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its stake in News by 5.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 12,103 shares of the company's stock worth $333,000 after purchasing an additional 574 shares during the period. Finally, Mather Group LLC. boosted its stake in News by 10.4% in the 1st quarter. Mather Group LLC. now owns 6,465 shares of the company's stock worth $176,000 after purchasing an additional 610 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Price Performance

Shares of NWSA stock opened at $29.47 on Friday. News Corporation has a 1-year low of $23.38 and a 1-year high of $30.75. The stock's 50-day moving average is $29.10 and its 200 day moving average is $28.10. The company has a market cap of $16.68 billion, a P/E ratio of 14.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company earned $0.17 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. Research analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The firm also recently declared a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be issued a $0.10 dividend. This represents a yield of 70.0%. The ex-dividend date of this dividend is Wednesday, September 10th. News's dividend payout ratio (DPR) is currently 9.62%.

Analyst Ratings Changes

NWSA has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and set a $45.00 target price on shares of News in a research report on Thursday, May 15th. Macquarie reiterated a "neutral" rating and set a $32.70 target price on shares of News in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.34.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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