News Corporation (NASDAQ:NWSA) Stake Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of News Corporation (NASDAQ:NWSA - Free Report) by 37.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,385 shares of the company's stock after purchasing an additional 9,091 shares during the period. Envestnet Asset Management Inc.'s holdings in News were worth $909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of News by 59.5% during the 4th quarter. American Century Companies Inc. now owns 172,682 shares of the company's stock worth $4,756,000 after purchasing an additional 64,438 shares during the last quarter. LPL Financial LLC grew its position in News by 8.2% during the 4th quarter. LPL Financial LLC now owns 59,321 shares of the company's stock worth $1,634,000 after purchasing an additional 4,493 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of News by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock valued at $605,000 after buying an additional 418 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of News by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock worth $270,798,000 after buying an additional 234,893 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in News during the 4th quarter valued at approximately $3,014,000. Hedge funds and other institutional investors own 66.97% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NWSA shares. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Morgan Stanley decreased their target price on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Guggenheim restated a "buy" rating and set a $45.00 target price on shares of News in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $39.20.

News Stock Up 1.4%

Shares of NASDAQ NWSA traded up $0.42 during midday trading on Monday, reaching $29.51. 3,014,421 shares of the company's stock were exchanged, compared to its average volume of 2,554,796. The stock has a market capitalization of $16.71 billion, a PE ratio of 34.31 and a beta of 1.23. News Corporation has a 52-week low of $23.38 and a 52-week high of $30.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 1.68. The business's fifty day moving average price is $28.90 and its two-hundred day moving average price is $28.02.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) 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 5.18% and a return on equity of 5.64%. The company's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Analysts forecast that News Corporation will post 0.94 EPS for the current year.

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.