37,326 Shares in News Corporation $NWSA Acquired by Transmarket Holdings LP

Key Points

• Transmarket Holdings LP acquired 37,326 shares of News Corp during the third quarter, valued at approximately $1.07 million. Institutional investors and hedge funds collectively own 66.97% of the company.
• News Corp reported quarterly EPS of $0.35, exceeding the $0.21 consensus estimate, while revenue rose 10.8% year over year to $2.34 billion.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $37.80, compared with the stock’s reported price of $29.31.

Transmarket Holdings LP bought a new stake in News Corporation (NASDAQ:NWSA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,326 shares of the company's stock, valued at approximately $1,069,000. News makes up 0.6% of Transmarket Holdings LP's portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWSA. VestGen Advisors LLC grew its holdings in shares of News by 108.1% during the third quarter. VestGen Advisors LLC now owns 20,154 shares of the company's stock worth $577,000 after buying an additional 10,469 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in News during the third quarter worth about $4,467,000. SYM FINANCIAL Corp acquired a new position in News during the third quarter worth about $325,000. Apollon Wealth Management LLC acquired a new position in News during the third quarter worth about $359,000. Finally, Signaturefd LLC grew its stake in News by 26.4% during the 3rd quarter. Signaturefd LLC now owns 23,351 shares of the company's stock valued at $669,000 after acquiring an additional 4,870 shares in the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

News Stock Down 2.2%

News stock opened at $29.31 on Thursday. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.62. The firm has a 50 day moving average price of $29.81 and a 200 day moving average price of $26.88. The company has a market capitalization of $15.86 billion, a PE ratio of 28.46 and a beta of 0.97.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.14. News had a return on equity of 7.09% and a net margin of 6.35%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The company's quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts expect that News Corporation will post 1.30 earnings per share for the current year.

News Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a dividend yield of 68.0%. News's dividend payout ratio (DPR) is presently 19.42%.

Analysts Set New Price Targets

A number of research firms have commented on NWSA. Zacks Research downgraded shares of News from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Wall Street Zen cut shares of News from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 24th. Raymond James Financial began coverage on shares of News in a report on Monday, October 19th. They issued an "outperform" rating and a $35.00 price objective for the company. Weiss Ratings upgraded shares of News from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, October 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $35.00 target price on shares of News in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.80.

About News

News Corp is a global media and information-services company whose Class A common stock trades on the Nasdaq under the symbol NWSA. The company operates a portfolio of businesses spanning digital and print publishing, subscription products, professional information, real estate services and book publishing.

Its principal businesses include Dow Jones, which provides financial news, data, research and professional information through publications such as The Wall Street Journal and Barron's; News Corp Australia and News UK, which operate newspapers and digital news platforms; and HarperCollins Publishers, which publishes fiction, nonfiction, educational and religious titles.

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