Nykredit A S Invests $1.81 Million in News Corporation $NWSA

Key Points

• Nykredit A/S acquired 72,791 shares of News Corporation in the second quarter, valued at approximately $1.81 million. Institutional investors and hedge funds collectively own 66.97% of the company.
• Analysts maintain a positive outlook, with five Buy ratings and one Hold rating, resulting in a consensus “Moderate Buy” rating and an average price target of $38.50.
• News Corporation reported quarterly EPS of $0.35, beating the $0.21 consensus estimate, while revenue rose 10.8% year over year to $2.34 billion. The company also announced a $0.10-per-share dividend.

Nykredit A S acquired a new stake in News Corporation (NASDAQ:NWSA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,791 shares of the company's stock, valued at approximately $1,807,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of News in the 3rd quarter worth approximately $31,000. CYBER HORNET ETFs LLC acquired a new stake in shares of News during the 2nd quarter valued at approximately $30,000. Advisory Services Network LLC bought a new position in News during the third quarter worth $35,000. Brown Brothers Harriman & Co. boosted its holdings in News by 154.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company's stock worth $39,000 after purchasing an additional 780 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in News by 561.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company's stock worth $45,000 after purchasing an additional 1,470 shares during the period. Institutional investors and hedge funds own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

NWSA has been the topic of a number of research reports. Morgan Stanley reissued an "overweight" rating and set a $35.00 target price on shares of News in a report on Thursday, August 6th. Zacks Research lowered shares of News from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Citigroup lowered their price objective on shares of News from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of News from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Finally, Weiss Ratings upgraded News from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

News Price Performance

Shares of NASDAQ:NWSA opened at $30.39 on Tuesday. The firm's 50 day moving average is $28.59 and its two-hundred day moving average is $26.45. The firm has a market capitalization of $16.44 billion, a P/E ratio of 29.50 and a beta of 0.91. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.66.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.14. News had a return on equity of 7.09% and a net margin of 6.35%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The business's revenue was up 10.8% on a year-over-year basis. Analysts anticipate that News Corporation will post 1.31 earnings per share for the current year.

News Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.10 per share. This represents a dividend yield of 68.0%. The ex-dividend date is Wednesday, September 9th. News's payout ratio is currently 19.42%.

News Company 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.

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