Deutsche Bank AG lowered its holdings in News Corporation (NASDAQ:NWSA - Free Report) by 69.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,500,984 shares of the company's stock after selling 3,440,483 shares during the period. Deutsche Bank AG owned about 0.26% of News worth $40,857,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in NWSA. Optiver Holding B.V. acquired a new stake in News in the 4th quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new position in News during the 1st quarter valued at $36,000. CX Institutional bought a new position in News during the 1st quarter valued at $76,000. Versant Capital Management Inc boosted its stake in News by 714.9% during the 1st quarter. Versant Capital Management Inc now owns 4,433 shares of the company's stock valued at $121,000 after purchasing an additional 3,889 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in shares of News by 53.3% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,600 shares of the company's stock worth $125,000 after acquiring an additional 1,600 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.
News Stock Down 1.1%
Shares of NASDAQ:NWSA traded down $0.33 during midday trading on Friday, hitting $29.47. 7,741,770 shares of the stock were exchanged, compared to its average volume of 3,240,672. News Corporation has a 52-week low of $23.38 and a 52-week high of $30.75. The business's fifty day simple moving average is $29.10 and its two-hundred day simple moving average is $28.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84. The company has a market capitalization of $16.68 billion, a PE ratio of 14.17 and a beta of 1.23.
News (NASDAQ:NWSA - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company earned $0.17 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.
News Dividend Announcement
The company 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 paid a dividend of $0.10 per share. This represents a yield of 70.0%. The ex-dividend date is Wednesday, September 10th. News's payout ratio is currently 9.62%.
Analyst Ratings Changes
Several analysts have recently commented on NWSA shares. Guggenheim reaffirmed a "buy" rating and issued a $45.00 target price on shares of News in a research report on Thursday, May 15th. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $32.70 target price on shares of News in a research report on Wednesday, August 6th. Two equities 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 MarketBeat.com, News presently has an average rating of "Moderate Buy" and a consensus target price of $38.34.
Read Our Latest Research Report on NWSA
About News
(
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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