Sivia Capital Partners LLC acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,341 shares of the company's stock, valued at approximately $545,000.
Several other institutional investors also recently bought and sold shares of NWSA. Asset Value Investors Ltd bought a new stake in News during the 4th quarter valued at $122,391,000. Nuveen LLC bought a new stake in News during the 1st quarter valued at $85,213,000. 59 North Capital Management LP boosted its position in News by 24.4% during the 1st quarter. 59 North Capital Management LP now owns 11,147,654 shares of the company's stock valued at $303,439,000 after acquiring an additional 2,185,542 shares in the last quarter. Dodge & Cox boosted its position in News by 18.7% during the 1st quarter. Dodge & Cox now owns 13,846,298 shares of the company's stock valued at $376,896,000 after acquiring an additional 2,183,613 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in News by 34.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,450,150 shares of the company's stock valued at $121,133,000 after acquiring an additional 1,133,004 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their price objective on News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Macquarie reissued a "neutral" rating and issued a $32.70 price objective on shares of News in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $38.62.
Check Out Our Latest Stock Report on NWSA
News Stock Performance
Shares of NASDAQ NWSA traded up $0.17 during trading on Friday, reaching $30.62. 6,983,396 shares of the company traded hands, compared to its average volume of 3,819,119. The firm's fifty day simple moving average is $29.51 and its 200 day simple moving average is $28.23. The stock has a market cap of $17.30 billion, a P/E ratio of 14.72 and a beta of 1.18. News Corporation has a 12-month low of $23.38 and a 12-month high of $30.86. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21.
News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the business earned $0.17 EPS. News's revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts anticipate that News Corporation will post 0.94 earnings per share for the current fiscal year.
News Announces Dividend
The company also recently disclosed a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. This represents a yield of 70.0%. The ex-dividend date is Wednesday, September 10th. News's payout ratio is 9.62%.
About News
(
Free Report)
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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