State of Wyoming Makes New $254,000 Investment in News Co. (NASDAQ:NWSA)

State of Wyoming acquired a new stake in shares of News Co. (NASDAQ:NWSA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 9,207 shares of the company's stock, valued at approximately $254,000.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in News by 124.0% in the third quarter. Barclays PLC now owns 14,713,823 shares of the company's stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Norges Bank purchased a new position in News in the fourth quarter valued at approximately $172,357,000. Deutsche Bank AG lifted its stake in 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 purchasing an additional 3,678,215 shares during the last quarter. Independent Franchise Partners LLP raised its holdings in News by 11.8% during the 4th quarter. Independent Franchise Partners LLP now owns 26,617,259 shares of the company's stock valued at $733,039,000 after acquiring an additional 2,812,080 shares during the period. Finally, 59 North Capital Management LP lifted its position in shares of News by 40.2% during the fourth 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. Institutional investors and hedge funds own 66.97% of the company's stock.

News Price Performance

NWSA traded down $0.20 during midday trading on Thursday, hitting $28.15. 456,392 shares of the company traded hands, compared to its average volume of 2,812,175. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $15.93 billion, a price-to-earnings ratio of 38.53 and a beta of 1.30. News Co. has a 52-week low of $23.38 and a 52-week high of $30.69. The business has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $27.87.

News (NASDAQ:NWSA - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. The business'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 earnings per share. On average, equities analysts forecast that News Co. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.