241,763 Shares in News Corporation $NWSA Purchased by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position of 241,763 News Corporation shares (about $6.38M) in Q4; institutional investors now own 66.97% of the stock and several others (Danske, Horizon, Fifth Third) also increased holdings.
• Analysts have a consensus rating of "Moderate Buy" with a consensus price target of $37.02, while NWSA recently opened at $25.80 and has a one‑year range of $22.20–$31.61.
• News recently beat estimates, reporting $0.40 EPS vs. $0.33 expected and $2.36B revenue (+5.5% YoY), and paid a $0.10 per‑share dividend on April 8.

PFA Pension Forsikringsaktieselskab purchased a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 241,763 shares of the company's stock, valued at approximately $6,380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Horizon Investments LLC grew its holdings in News by 14.9% during the fourth quarter. Horizon Investments LLC now owns 25,733 shares of the company's stock worth $672,000 after purchasing an additional 3,331 shares during the period. Fifth Third Bancorp grew its holdings in News by 11.8% during the fourth quarter. Fifth Third Bancorp now owns 17,399 shares of the company's stock worth $454,000 after purchasing an additional 1,842 shares during the period. Danske Bank A S grew its holdings in News by 9.2% during the fourth quarter. Danske Bank A S now owns 194,687 shares of the company's stock worth $5,085,000 after purchasing an additional 16,400 shares during the period. Torren Management LLC bought a new position in News during the fourth quarter worth about $52,000. Finally, R Squared Ltd bought a new position in News during the fourth quarter worth about $557,000. Institutional investors own 66.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NWSA shares. Morgan Stanley set a $32.40 price target on News in a report on Friday, February 6th. Citigroup cut their price objective on shares of News from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Monday, February 9th. Zacks Research upgraded shares of News from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of News from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.02.

News Stock Down 1.7%

Shares of NWSA opened at $25.80 on Tuesday. News Corporation has a one year low of $22.20 and a one year high of $31.61. The company has a market cap of $14.33 billion, a P/E ratio of 12.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $24.69 and a two-hundred day simple moving average of $25.39.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. Research analysts forecast that News Corporation will post 0.97 EPS for the current fiscal year.

News Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.10 per share. This represents a yield of 83.0%. The ex-dividend date was Wednesday, March 11th. News's payout ratio is currently 9.85%.

News Profile

News Corporation NASDAQ: NWSA is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company's news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron's, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world's largest consumer publishers.

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