16,355 Shares in News Corporation (NASDAQ:NWSA) Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE acquired a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,355 shares of the company's stock, valued at approximately $445,000.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in News by 49.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after buying an additional 660 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in News in the 4th quarter valued at about $2,726,000. Raymond James Financial Inc. acquired a new position in News in the 4th quarter valued at about $1,171,000. Edgestream Partners L.P. acquired a new position in News in the 4th quarter valued at about $732,000. Finally, PNC Financial Services Group Inc. grew its stake in News by 10.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 48,314 shares of the company's stock valued at $1,331,000 after buying an additional 4,705 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Stock Performance

Shares of NASDAQ:NWSA traded down $0.12 on Friday, reaching $29.54. 1,793,876 shares of the company's stock were exchanged, compared to its average volume of 2,935,614. The company has a fifty day moving average of $28.45 and a 200-day moving average of $27.80. News Corporation has a twelve month low of $23.38 and a twelve month high of $30.69. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 34.35 and a beta of 1.23. The company has a current ratio of 1.68, a quick ratio of 1.60 and a debt-to-equity ratio of 0.21.

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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2 billion. News had a return on equity of 5.64% and a net margin of 5.18%. The business's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 EPS. On average, research analysts predict that News Corporation will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.