EntryPoint Capital LLC Invests $487,000 in News Corporation $NWSA

Key Points

• EntryPoint Capital LLC has invested approximately $487,000 in shares of News Corporation, acquiring 17,892 shares in the recent quarter.
• The company's last earnings report showed a net margin of 13.21% with $2.11 billion in revenue, exceeding consensus estimates.
• News Corporation announced a dividend of $0.10 per share scheduled for payment on October 8th, with an ex-dividend date of September 10th.

EntryPoint Capital 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,892 shares of the company's stock, valued at approximately $487,000.

Several other large investors have also recently bought and sold shares of NWSA. Raymond James Financial Inc. purchased a new position in News in the fourth quarter valued at $1,171,000. Townsquare Capital LLC purchased a new position in News in the fourth quarter valued at $214,000. Mariner LLC increased its holdings in News by 1.1% in the fourth quarter. Mariner LLC now owns 59,026 shares of the company's stock valued at $1,626,000 after buying an additional 631 shares during the last quarter. GeoWealth Management LLC increased its holdings in News by 275.6% in the fourth quarter. GeoWealth Management LLC now owns 9,537 shares of the company's stock valued at $263,000 after buying an additional 6,998 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in News by 132.4% in the fourth quarter. First Trust Advisors LP now owns 468,339 shares of the company's stock valued at $12,898,000 after buying an additional 266,803 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Price Performance

Shares of NWSA opened at $29.61 on Thursday. News Corporation has a fifty-two week low of $23.38 and a fifty-two week high of $30.75. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 14.24 and a beta of 1.23. The firm has a 50-day simple moving average of $29.21 and a 200-day simple moving average of $28.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84.

News (NASDAQ:NWSA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that News Corporation will post 0.94 earnings per share for the current year.

News Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

News Company 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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