Fox Run Management L.L.C. Takes Position in News Corporation $NWSA

Key Points

• Fox Run Management L.L.C. has acquired 11,030 shares of News Corporation, valued at approximately $300,000, as part of their new stake in the company during the first quarter.
• Analyst ratings for News Corporation show a mix, with one analyst rating it a Strong Buy, five rating it as Buy, and one rating it as a Hold, resulting in an average price target of $38.34.
• The company announced a dividend of $0.10 per share to be paid on October 8th, with a yield of 70.0% and a current dividend payout ratio of 9.62%.

Fox Run Management L.L.C. acquired a new stake in News Corporation (NASDAQ:NWSA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,030 shares of the company's stock, valued at approximately $300,000.

Other institutional investors have also bought and sold shares of the company. Asset Value Investors Ltd purchased a new stake in shares of News during the fourth quarter worth $122,391,000. Deutsche Bank AG lifted its position in shares of News by 291.2% during the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock worth $136,088,000 after acquiring an additional 3,678,215 shares in the last quarter. Nuveen LLC purchased a new stake in shares of News during the first quarter worth $85,213,000. 59 North Capital Management LP lifted its position in shares of News by 40.2% during the fourth quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock worth $246,817,000 after acquiring an additional 2,569,343 shares in the last quarter. Finally, Ion Asset Management Ltd. purchased a new stake in shares of News during the fourth quarter worth $45,102,000. Hedge funds and other institutional investors own 66.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NWSA shares. Macquarie restated a "neutral" rating and set a $32.70 target price on shares of News in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Guggenheim reiterated a "buy" rating and issued a $45.00 price objective on shares of News in a research report on Thursday, May 15th. One 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's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $38.62.

News Price Performance

NWSA traded up $0.76 during trading on Friday, reaching $30.50. The stock had a trading volume of 2,448,423 shares, compared to its average volume of 3,489,963. The stock has a market cap of $17.23 billion, a PE ratio of 14.66 and a beta of 1.23. 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 Corporation has a one year low of $23.38 and a one year high of $30.75. The business has a 50-day moving average of $29.31 and a 200-day moving average of $28.15.

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

News Announces Dividend

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

About News

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.