Trexquant Investment LP lifted its position in shares of News Corporation (NASDAQ:NWSA - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,220 shares of the company's stock after buying an additional 50,449 shares during the quarter. Trexquant Investment LP owned about 0.06% of News worth $8,825,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Sentry Investment Management LLC bought a new stake in News during the first quarter valued at $36,000. Caitong International Asset Management Co. Ltd grew its stake in shares of News by 12,084.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company's stock worth $43,000 after acquiring an additional 1,571 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of News during the 1st quarter worth $73,000. CX Institutional purchased a new stake in News during the first quarter worth about $76,000. Finally, Versant Capital Management Inc increased its holdings in News by 714.9% during the first quarter. Versant Capital Management Inc now owns 4,433 shares of the company's stock worth $121,000 after buying an additional 3,889 shares during the last quarter. Institutional investors own 66.97% of the company's stock.
News Trading Up 0.2%
Shares of NASDAQ:NWSA traded up $0.07 during midday trading on Wednesday, hitting $28.92. 3,215,493 shares of the stock traded hands, compared to its average volume of 3,287,207. The business's 50 day moving average is $29.47 and its two-hundred day moving average is $28.16. The stock has a market capitalization of $16.34 billion, a PE ratio of 13.92 and a beta of 1.18. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. News Corporation has a one year low of $23.38 and a one year high of $30.75.
News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. News's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. As a group, research analysts forecast that News Corporation will post 0.94 earnings per share for the current year.
News Dividend Announcement
The business also recently disclosed a half year 25 dividend, which will be paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a dividend yield of 70.0%. News's payout ratio is 9.62%.
Wall Street Analysts Forecast Growth
NWSA has been the subject of several research reports. Wall Street Zen downgraded News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Guggenheim reiterated a "buy" rating and set a $45.00 price target on shares of News in a research note on Thursday, May 15th. Macquarie reiterated a "neutral" rating and set a $32.70 price target on shares of News in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, News currently has an average rating of "Buy" and an average target price of $38.62.
Check Out Our Latest Research Report on NWSA
News Profile
(
Free Report)
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.
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