Achmea Investment Management B.V. Has $1.43 Million Stock Position in News Corporation (NASDAQ:NWSA)

Achmea Investment Management B.V. boosted its position in News Corporation (NASDAQ:NWSA - Free Report) by 42.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 52,383 shares of the company's stock after purchasing an additional 15,627 shares during the period. Achmea Investment Management B.V.'s holdings in News were worth $1,426,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of News by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock worth $605,000 after buying an additional 418 shares during the last quarter. 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 valued at $419,000 after purchasing an additional 422 shares during the period. Metis Global Partners LLC grew its holdings in News by 4.4% in the 4th quarter. Metis Global Partners LLC now owns 12,518 shares of the company's stock valued at $345,000 after buying an additional 533 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of News by 5.0% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 12,103 shares of the company's stock worth $333,000 after buying an additional 574 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of News by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 108,592 shares of the company's stock valued at $2,991,000 after acquiring an additional 611 shares during the period. Institutional investors own 66.97% of the company's stock.

News Trading Down 0.5%

Shares of NWSA stock traded down $0.16 during mid-day trading on Wednesday, hitting $29.58. The company's stock had a trading volume of 1,356,639 shares, compared to its average volume of 3,386,221. The company has a market cap of $16.74 billion, a PE ratio of 34.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. The company's fifty day simple moving average is $28.07 and its 200-day simple moving average is $27.73. News Corporation has a 52 week low of $23.38 and a 52 week high of $30.69.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a return on equity of 5.64% and a net margin of 5.18%. News's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. As a group, equities research analysts expect that News Corporation will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NWSA has been the subject of several recent research reports. Guggenheim reiterated a "buy" rating and issued a $45.00 price target on shares of News in a research note on Thursday, May 15th. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Morgan Stanley cut their price target on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, News has a consensus rating of "Buy" and an average price target of $39.20.

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.