Northwest & Ethical Investments L.P. Has $1.33 Million Stake in News Corporation $NWSA

Key Points

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Northwest & Ethical Investments L.P. increased its stake in shares of News Corporation (NASDAQ:NWSA - Free Report) by 42.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,713 shares of the company's stock after buying an additional 14,405 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in News were worth $1,326,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NWSA. Asset Value Investors Ltd acquired a new stake in shares of News in the 4th quarter valued at $122,391,000. Deutsche Bank AG boosted its holdings in shares of News by 291.2% in the 4th quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock valued at $136,088,000 after purchasing an additional 3,678,215 shares in the last quarter. Nuveen LLC bought a new position in shares of News in the 1st quarter valued at $85,213,000. 59 North Capital Management LP lifted its stake in shares of News by 40.2% in 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 acquiring an additional 2,569,343 shares during the last quarter. Finally, Ion Asset Management Ltd. bought a new position in shares of News in the 4th quarter valued at $45,102,000. Institutional investors and hedge funds own 66.97% of the company's stock.

Analysts Set New Price Targets

NWSA has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and issued a $45.00 price target on shares of News in a research note on Thursday, May 15th. Wall Street Zen cut News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Macquarie reaffirmed a "neutral" rating and set a $32.70 target price on shares of News in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $38.62.

News Trading Up 2.6%

News stock traded up $0.76 during trading hours on Friday, reaching $30.50. 2,448,423 shares of the company's stock were exchanged, compared to its average volume of 3,489,963. 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 firm's 50 day simple moving average is $29.31 and its 200 day simple moving average is $28.15. News Corporation has a twelve month low of $23.38 and a twelve month high of $30.75. The firm has a market capitalization of $17.23 billion, a PE ratio of 14.66 and a beta of 1.23.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the business posted $0.17 EPS. The business's revenue was up .8% compared to the same quarter last year. Research analysts predict 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 paid a $0.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a dividend yield of 70.0%. News's dividend payout ratio (DPR) is currently 9.62%.

News 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.