Credit Industriel ET Commercial acquired a new position in News Co. (NASDAQ:NWSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 296,819 shares of the company's stock, valued at approximately $8,174,000. News accounts for 1.1% of Credit Industriel ET Commercial's holdings, making the stock its 12th largest position. Credit Industriel ET Commercial owned approximately 0.05% of News as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of News by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock worth $1,403,227,000 after purchasing an additional 632,721 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of News by 11.8% during the 4th quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock valued at $733,039,000 after purchasing an additional 2,812,080 shares during the last quarter. Barclays PLC lifted its holdings in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after acquiring an additional 8,144,856 shares during the last quarter. Dodge & Cox raised its position in News by 12.0% in the 4th quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock worth $321,190,000 after purchasing an additional 1,245,278 shares during the period. Finally, Geode Capital Management LLC raised its position in News by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock worth $270,798,000 after purchasing an additional 234,893 shares during the period. Hedge funds and other institutional investors own 66.97% of the company's stock.
News Price Performance
Shares of NASDAQ NWSA traded down $0.36 during midday trading on Friday, reaching $28.05. The company's stock had a trading volume of 1,308,918 shares, compared to its average volume of 2,817,861. News Co. has a one year low of $23.38 and a one year high of $30.69. The company has a 50 day moving average price of $26.98 and a 200 day moving average price of $27.86. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 38.45 and a beta of 1.30.
News (NASDAQ:NWSA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. On average, equities research analysts expect that News Co. will post 0.94 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on NWSA. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a report on Friday, January 31st. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Morgan Stanley cut their target price on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Guggenheim reaffirmed a "buy" rating and set a $45.00 target price on shares of News in a research note on Thursday, May 15th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, News has an average rating of "Buy" and a consensus price target of $39.20.
Read Our Latest Research Report on NWSA
News Company Profile
(
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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