Cwm LLC Increases Stock Position in News Corporation $NWSA

Key Points

• Cwm LLC significantly increased its stake in News Corporation by 530.0% in the second quarter, owning a total of 157,831 shares valued at approximately $4.69 million.
• Analysts have a generally positive outlook on the stock, with a consensus rating of "Buy" and an average price target of $38.62.
• News Corporation recently declared a half-year dividend of $0.10, offering a yield of 70.0%, reflecting its financial stability despite a slight decline in stock price.

Cwm LLC lifted its holdings in News Corporation (NASDAQ:NWSA - Free Report) by 530.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 157,831 shares of the company's stock after purchasing an additional 132,777 shares during the period. Cwm LLC's holdings in News were worth $4,691,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of News by 12,084.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company's stock worth $43,000 after purchasing an additional 1,571 shares during the period. SVB Wealth LLC purchased a new stake in shares of News in the 1st quarter worth approximately $73,000. Horizon Investments LLC lifted its position in shares of News by 7.7% in the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company's stock worth $152,000 after purchasing an additional 398 shares during the period. V Square Quantitative Management LLC lifted its position in shares of News by 17.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 6,207 shares of the company's stock worth $184,000 after purchasing an additional 912 shares during the period. Finally, Mather Group LLC. raised its stake in shares of News by 10.4% during the 1st quarter. Mather Group LLC. now owns 6,465 shares of the company's stock worth $176,000 after acquiring an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

NWSA has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Macquarie reiterated a "neutral" rating and set a $32.70 price objective on shares of News in a research note on Wednesday, August 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of News in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, News currently has an average rating of "Buy" and an average price target of $38.62.

News Trading Down 2.5%

Shares of News stock opened at $25.91 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. News Corporation has a 12-month low of $23.38 and a 12-month high of $31.61. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 12.46 and a beta of 1.17. The firm's 50 day simple moving average is $29.12 and its two-hundred day simple moving average is $28.39.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. News had a net margin of 13.21% and a return on equity of 5.66%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business posted $0.17 EPS. News's revenue for the quarter was up .8% compared to the same quarter last year. Analysts predict that News Corporation will post 0.94 EPS for the current year.

News Dividend Announcement

The firm also recently disclosed a half year 25 dividend, which was paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 10th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a dividend yield of 70.0%. News's dividend payout ratio is presently 9.62%.

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.

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