News Corporation (NASDAQ:NWSA) Stock Position Raised by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in News Corporation (NASDAQ:NWSA - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 51,764,497 shares of the company's stock after purchasing an additional 812,180 shares during the period. Vanguard Group Inc. owned 9.12% of News worth $1,409,030,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of News by 103.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,344 shares of the company's stock valued at $635,000 after buying an additional 11,898 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of News by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,081,305 shares of the company's stock valued at $83,873,000 after buying an additional 39,342 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in News by 11.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,621 shares of the company's stock worth $1,133,000 after purchasing an additional 4,332 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in News by 133.1% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 208,218 shares of the company's stock worth $5,668,000 after purchasing an additional 118,908 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in News in the 1st quarter worth about $875,000. Institutional investors own 66.97% of the company's stock.

News Price Performance

NWSA stock traded down $0.06 on Friday, hitting $29.75. 1,036,572 shares of the company's stock traded hands, compared to its average volume of 3,300,091. News Corporation has a 1-year low of $23.38 and a 1-year high of $30.75. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 14.29 and a beta of 1.23. The stock has a fifty day moving average of $29.07 and a 200-day moving average of $28.09. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21.

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

News Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on NWSA. Guggenheim restated a "buy" rating and issued a $45.00 target price on shares of News in a research report on Thursday, May 15th. Wall Street Zen lowered shares of News from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $32.70 price target on shares of News in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, News currently has an average rating of "Moderate Buy" and a consensus price target of $38.12.

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.