Krilogy Financial LLC Invests $364,000 in News Corporation $NWSA

Key Points

• Krilogy Financial LLC acquired a new stake in News Corporation (NASDAQ:NWSA) during the second quarter, purchasing 12,249 shares valued at approximately $364,000.
• The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate, with revenue of $2.11 billion, slightly exceeding analysts' expectations.
• News Corporation declared a $0.10 dividend, payable on October 8th, with a substantial yield of 70.0% from the recent price level.

Krilogy Financial LLC bought a new position in shares of News Corporation (NASDAQ:NWSA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,249 shares of the company's stock, valued at approximately $364,000.

Several other large investors have also bought and sold shares of NWSA. Focus Partners Wealth bought a new stake in shares of News during the 4th quarter valued at $317,000. Janus Henderson Group PLC lifted its position in News by 135.2% during the fourth quarter. Janus Henderson Group PLC now owns 124,294 shares of the company's stock valued at $3,425,000 after purchasing an additional 71,455 shares during the period. Nomura Holdings Inc. bought a new position in shares of News in the fourth quarter worth about $344,000. Man Group plc lifted its position in shares of News by 260.5% in the fourth quarter. Man Group plc now owns 265,757 shares of the company's stock worth $7,319,000 after buying an additional 192,033 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of News by 12.6% during the fourth quarter. Rafferty Asset Management LLC now owns 32,888 shares of the company's stock worth $906,000 after acquiring an additional 3,687 shares during the period. 66.97% of the stock is currently owned by institutional investors.

News Stock Up 0.6%

NASDAQ NWSA traded up $0.17 during trading hours on Friday, hitting $30.62. 6,983,396 shares of the company were exchanged, compared to its average volume of 3,819,119. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 14.72 and a beta of 1.18. News Corporation has a 52-week low of $23.38 and a 52-week high of $30.86. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $29.51 and a two-hundred day moving average of $28.24.

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

News Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NWSA shares. JPMorgan Chase & Co. boosted their target price on News from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Macquarie reissued a "neutral" rating and set a $32.70 target price on shares of News in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, News presently has an average rating of "Buy" and a consensus 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.