Dynamic Technology Lab Private Ltd Has $752,000 Stock Holdings in News Corporation $NWSA

Key Points

• Dynamic Technology Lab Private Ltd has increased its stake in News Corporation (NASDAQ:NWSA) by 120.4%, now holding shares valued at $752,000.
• Analysts have mixed views on NWSA; while JPMorgan raises its target price to $40.00, Wall Street Zen downgraded it to a "hold" rating.
• News Corporation recently announced a $0.10 per share dividend with a yield of 70.0%, set to be paid on October 8th.

Dynamic Technology Lab Private Ltd grew its position in News Corporation (NASDAQ:NWSA - Free Report) by 120.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,638 shares of the company's stock after acquiring an additional 15,100 shares during the period. Dynamic Technology Lab Private Ltd's holdings in News were worth $752,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NWSA. Asset Value Investors Ltd bought a new position in News during the 4th quarter worth $122,391,000. Nuveen LLC bought a new position in shares of News during the 1st quarter worth approximately $85,213,000. 59 North Capital Management LP grew its holdings in News by 24.4% in the first quarter. 59 North Capital Management LP now owns 11,147,654 shares of the company's stock worth $303,439,000 after purchasing an additional 2,185,542 shares during the period. Dodge & Cox grew its stake in shares of News by 18.7% in the 1st quarter. Dodge & Cox now owns 13,846,298 shares of the company's stock valued at $376,896,000 after buying an additional 2,183,613 shares during the period. Finally, Vanguard Group Inc. grew its stake in News by 1.6% in the first quarter. Vanguard Group Inc. now owns 51,764,497 shares of the company's stock valued at $1,409,030,000 after acquiring an additional 812,180 shares during the period. Institutional investors own 66.97% of the company's stock.

Analyst Ratings Changes

NWSA has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of News from $38.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of News from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Macquarie restated a "neutral" rating and issued a $32.70 target price on shares of News in a research note on Wednesday, August 6th. Finally, Guggenheim restated a "buy" rating and set a $45.00 price target on shares of News in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $38.62.

News Price Performance

NWSA opened at $29.94 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. News Corporation has a 1 year low of $23.38 and a 1 year high of $30.75. The stock's 50 day simple moving average is $29.46 and its 200 day simple moving average is $28.14. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 14.39 and a beta of 1.18.

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

News Dividend Announcement

The firm also recently announced a half year 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.10 per share. This represents a dividend yield of 70.0%. The ex-dividend date is Wednesday, September 10th. News's dividend payout ratio is currently 9.62%.

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.

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