State of Wyoming Acquires New Holdings in News Co. (NASDAQ:NWSA)

State of Wyoming acquired a new position in shares of News Co. (NASDAQ:NWSA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,207 shares of the company's stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its stake in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after buying an additional 8,144,856 shares during the period. Norges Bank bought a new stake in shares of News in the fourth quarter worth about $172,357,000. Deutsche Bank AG boosted its holdings in shares of News by 291.2% in the fourth quarter. Deutsche Bank AG now owns 4,941,467 shares of the company's stock valued at $136,088,000 after buying an additional 3,678,215 shares during the period. Independent Franchise Partners LLP boosted its position in shares of News by 11.8% during the fourth quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock worth $733,039,000 after buying an additional 2,812,080 shares during the period. Finally, 59 North Capital Management LP grew its stake in shares of News by 40.2% during the 4th quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock worth $246,817,000 after acquiring an additional 2,569,343 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NWSA shares. Guggenheim reiterated a "buy" rating and set a $45.00 target price on shares of News in a research note on Thursday, May 15th. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a report on Friday, January 31st. Morgan Stanley cut their price objective on News from $38.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded shares of News from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group upgraded News from a "neutral" rating to a "buy" rating in a research note on Tuesday, February 4th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $39.20.

News Price Performance

NASDAQ NWSA traded up $0.35 during trading hours on Tuesday, hitting $28.25. The company had a trading volume of 4,883,678 shares, compared to its average volume of 2,823,086. The firm has a 50 day simple moving average of $26.91 and a 200 day simple moving average of $27.86. News Co. has a 52 week low of $23.38 and a 52 week high of $30.69. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 38.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 1.73.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2 billion. News had a net margin of 4.22% and a return on equity of 5.31%. News's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Equities research analysts expect that News Co. will post 0.94 earnings per share for the current year.

About News

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.