News Co. (NASDAQ:NWSA) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG increased its holdings in News Co. (NASDAQ:NWSA - Free Report) by 291.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,941,467 shares of the company's stock after purchasing an additional 3,678,215 shares during the quarter. Deutsche Bank AG owned 0.87% of News worth $136,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in shares of News by 2,392.9% in the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company's stock valued at $29,000 after acquiring an additional 1,005 shares during the period. Optiver Holding B.V. bought a new stake in shares of News during the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of News during the 4th quarter valued at about $36,000. R Squared Ltd bought a new stake in shares of News during the 4th quarter valued at about $49,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of News by 49.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock valued at $55,000 after purchasing an additional 660 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company's stock.

News Stock Up 0.2%

Shares of News stock traded up $0.05 on Wednesday, reaching $28.27. The stock had a trading volume of 3,374,575 shares, compared to its average volume of 2,797,322. The company has a 50 day moving average price of $26.73 and a 200 day moving average price of $27.85. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. News Co. has a 1 year low of $23.38 and a 1 year high of $30.69. The stock has a market capitalization of $16.04 billion, a P/E ratio of 38.73 and a beta of 1.30.

News (NASDAQ:NWSA - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. News had a return on equity of 5.31% and a net margin of 4.22%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. As a group, equities research analysts forecast that News Co. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of News from $38.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a report on Friday, January 31st. Guggenheim upped their target price on shares of News from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of News from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $38.80.

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.