News Corporation $NWSA Shares Purchased by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. boosted its stake in News Corporation by 105.2% in Q3, purchasing 291,785 additional shares to hold 569,255 shares (about 0.10%) valued at roughly $17.48 million.
• News Corp beat expectations for the quarter with EPS of $0.40 versus $0.33 and revenue of $2.36 billion versus $2.30 billion, and its stock trades around $24.24 with a market cap near $13.5 billion.
• The company declared a $0.10 per share dividend payable April 8 (record/ex-dividend date March 11), and analysts display a consensus "Moderate Buy" with an average target price of $37.02 after recent rating changes.

Capital Fund Management S.A. boosted its stake in News Corporation (NASDAQ:NWSA - Free Report) by 105.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 569,255 shares of the company's stock after purchasing an additional 291,785 shares during the period. Capital Fund Management S.A. owned about 0.10% of News worth $17,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of News by 0.9% during the third quarter. Pacer Advisors Inc. now owns 42,496 shares of the company's stock worth $1,305,000 after buying an additional 395 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in shares of News by 2.9% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 14,276 shares of the company's stock valued at $438,000 after buying an additional 407 shares during the period. Kaufman Rossin Wealth LLC lifted its stake in News by 4.3% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 11,161 shares of the company's stock worth $343,000 after acquiring an additional 465 shares in the last quarter. Merit Financial Group LLC boosted its holdings in News by 1.3% during the 3rd quarter. Merit Financial Group LLC now owns 36,568 shares of the company's stock valued at $1,123,000 after acquiring an additional 481 shares during the period. Finally, Choreo LLC boosted its holdings in News by 6.4% during the 2nd quarter. Choreo LLC now owns 8,961 shares of the company's stock valued at $266,000 after acquiring an additional 541 shares during the period. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Up 0.9%

NWSA stock opened at $24.24 on Thursday. The company's 50 day moving average price is $24.98 and its 200 day moving average price is $26.48. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 11.94 and a beta of 0.98. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The firm's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that News Corporation will post 0.94 EPS for the current fiscal year.

News Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.10 per share. This represents a dividend yield of 83.0%. The ex-dividend date of this dividend is Wednesday, March 11th. News's payout ratio is 9.85%.

Analyst Upgrades and Downgrades

NWSA has been the topic of a number of recent research reports. Guggenheim cut their price target on shares of News from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, November 13th. Weiss Ratings cut shares of News from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 26th. Citigroup reduced their target price on shares of News from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Monday, February 9th. Zacks Research raised shares of News from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 5th. Finally, Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.02.

News Profile

News Corporation NASDAQ: NWSA is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company's news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron's, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world's largest consumer publishers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.