Chicago Partners Investment Group LLC Invests $249,000 in News Corporation (NASDAQ:NWSA)

Key Points

• Chicago Partners Investment Group LLC acquired 8,821 shares of News Corporation (NASDAQ:NWSA) valued at approximately $249,000 in the first quarter.
• News Corporation recently declared a dividend of $0.10 per share, set to be paid on October 8th, with an ex-dividend date of September 10th.
• The company reported a return on equity of 5.66% and a net margin of 13.21% for the last quarter, with revenue increasing by 0.8% compared to the previous year.

Chicago Partners Investment Group LLC acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,821 shares of the company's stock, valued at approximately $249,000.

A number of other institutional investors have also added to or reduced their stakes in NWSA. LPL Financial LLC increased its stake in News by 8.2% in the 4th quarter. LPL Financial LLC now owns 59,321 shares of the company's stock worth $1,634,000 after acquiring an additional 4,493 shares during the last quarter. Franklin Resources Inc. increased its stake in News by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock worth $605,000 after acquiring an additional 418 shares during the last quarter. Bank of Nova Scotia increased its stake in News by 4.4% in the 4th quarter. Bank of Nova Scotia now owns 50,585 shares of the company's stock worth $1,393,000 after acquiring an additional 2,148 shares during the last quarter. Raymond James Financial Inc. bought a new position in News in the 4th quarter worth about $1,171,000. Finally, Sterling Capital Management LLC increased its stake in News by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 22,555 shares of the company's stock worth $621,000 after acquiring an additional 8,046 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Price Performance

Shares of NASDAQ NWSA traded down $0.33 during trading hours on Friday, reaching $29.47. 7,741,770 shares of the stock traded hands, compared to its average volume of 3,240,672. The company has a market capitalization of $16.68 billion, a P/E ratio of 14.17 and a beta of 1.23. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. News Corporation has a 52-week low of $23.38 and a 52-week high of $30.75. The company's 50-day simple moving average is $29.10 and its two-hundred day simple moving average is $28.10.

News (NASDAQ:NWSA - Get Free Report) last announced 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. The company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%. News's revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.17 EPS. Equities research analysts forecast that News Corporation will post 0.94 EPS for the current year.

News Dividend Announcement

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

Wall Street Analyst Weigh In

NWSA has been the topic of a number of research analyst reports. Guggenheim restated a "buy" rating and issued a $45.00 target price on shares of News in a research note on Thursday, May 15th. Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Macquarie restated a "neutral" rating and issued a $32.70 target price on shares of News in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.34.

News Profile

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.