Yacktman Asset Management LP Has $232.15 Million Stock Holdings in News Corporation (NASDAQ:NWSA)

Yacktman Asset Management LP reduced its holdings in shares of News Corporation (NASDAQ:NWSA - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,528,584 shares of the company's stock after selling 736,416 shares during the quarter. News makes up approximately 3.1% of Yacktman Asset Management LP's holdings, making the stock its 9th biggest position. Yacktman Asset Management LP owned approximately 1.50% of News worth $232,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NWSA. Vanguard Group Inc. raised its stake in News by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 50,952,317 shares of the company's stock valued at $1,403,227,000 after purchasing an additional 632,721 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of News by 11.8% during the 4th 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 in the last quarter. Dodge & Cox raised its position in shares of News by 12.0% during the fourth quarter. Dodge & Cox now owns 11,662,685 shares of the company's stock worth $321,190,000 after purchasing an additional 1,245,278 shares during the period. Geode Capital Management LLC raised its position in shares of News by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 9,857,139 shares of the company's stock worth $270,798,000 after purchasing an additional 234,893 shares during the period. Finally, 59 North Capital Management LP raised its position in News by 40.2% in the 4th quarter. 59 North Capital Management LP now owns 8,962,112 shares of the company's stock valued at $246,817,000 after buying an additional 2,569,343 shares during the last quarter. 66.97% of the stock is owned by institutional investors.

News Stock Up 0.3%

NASDAQ:NWSA opened at $29.47 on Wednesday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 34.27 and a beta of 1.23. The company has a quick ratio of 1.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.21. News Corporation has a 52 week low of $23.38 and a 52 week high of $30.69. The stock's fifty day moving average is $28.32 and its two-hundred day moving average is $27.77.

News (NASDAQ:NWSA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). News had a return on equity of 5.64% and a net margin of 5.18%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the business earned $0.13 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. Research analysts anticipate that News Corporation will post 0.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NWSA. Guggenheim restated a "buy" rating and issued a $45.00 target price on shares of News in a research note on Thursday, May 15th. Morgan Stanley dropped their price target on News from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen lowered News from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $39.20.

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.

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