Wealth Enhancement Advisory Services LLC Has $635,000 Position in News Corporation (NASDAQ:NWSA)

Wealth Enhancement Advisory Services LLC increased its stake in shares of News Corporation (NASDAQ:NWSA - Free Report) by 103.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,344 shares of the company's stock after purchasing an additional 11,898 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in News were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWSA. Vanguard Group Inc. grew its holdings in News by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock valued at $1,403,227,000 after buying an additional 632,721 shares during the period. Independent Franchise Partners LLP grew its holdings in News by 11.8% in the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock valued at $733,039,000 after purchasing an additional 2,812,080 shares during the period. Dodge & Cox grew its stake in shares of News by 12.0% during the 4th quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock valued at $321,190,000 after buying an additional 1,245,278 shares during the period. Geode Capital Management LLC grew its stake in shares of News by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock valued at $270,798,000 after buying an additional 234,893 shares during the period. Finally, 59 North Capital Management LP grew its stake in shares of News by 40.2% during the 4th quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock valued at $246,817,000 after buying an additional 2,569,343 shares during the period. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Performance

News stock traded down $0.37 during mid-day trading on Monday, hitting $29.37. 2,699,174 shares of the company's stock traded hands, compared to its average volume of 2,940,830. News Corporation has a one year low of $23.38 and a one year high of $30.69. The firm has a 50 day moving average price of $28.27 and a 200 day moving average price of $27.76. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. The company has a market cap of $16.63 billion, a PE ratio of 34.15 and a beta of 1.23.

News (NASDAQ:NWSA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.64% and a net margin of 5.18%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm earned $0.13 EPS. News's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts forecast that News Corporation will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.