Partners Capital Investment Group LLP Makes New $4.46 Million Investment in News Corporation $NWSA

Key Points

• Partners Capital Investment Group LLP has made a significant new investment in News Corporation, acquiring 163,778 shares valued at approximately $4.46 million.
• News Corporation recently announced a $0.10 dividend payout, with a yield of 70.0%, set to be distributed on October 8th.
• Equities analysts are bullish on News Corporation, with one analyst issuing a "Strong Buy" rating and the stock having a consensus rating of "Buy" with an average price target of $38.62.

Partners Capital Investment Group LLP bought a new stake in News Corporation (NASDAQ:NWSA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 163,778 shares of the company's stock, valued at approximately $4,458,000.

Other hedge funds have also made changes to their positions in the company. Optiver Holding B.V. acquired a new position in News in the 4th quarter valued at about $31,000. Sentry Investment Management LLC acquired a new stake in News during the 1st quarter worth approximately $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 valued at $43,000 after purchasing an additional 1,571 shares during the last quarter. CX Institutional acquired a new position in shares of News in the first quarter valued at approximately $76,000. Finally, Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 3,889 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company's stock.

News Trading Down 0.8%

Shares of NWSA opened at $29.61 on Thursday. News Corporation has a twelve month low of $23.38 and a twelve month high of $30.75. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $16.73 billion, a P/E ratio of 14.24 and a beta of 1.23. The firm's 50-day moving average is $29.21 and its two-hundred day moving average is $28.13.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%.The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. On average, research analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

The company also recently announced a half year 25 dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a yield of 70.0%. News's dividend payout ratio is 9.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NWSA shares. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of News from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday. Macquarie reaffirmed a "neutral" rating and issued a $32.70 target price on shares of News in a report on Wednesday, August 6th. Finally, Guggenheim reiterated a "buy" rating and set a $45.00 price target on shares of News in a research note on Thursday, May 15th. 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $38.62.

News Company 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.

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