News (NASDAQ:NWSA) Reaches New 52-Week High - Should You Buy?

Key Points

• News Corporation's stock reached a new 52-week high of $31.08 with over 1.15 million shares traded on Monday.
• Analysts show a consensus rating of "Buy" for the stock, with a price target average of $38.62, as several firms have recently increased their target prices.
• The company announced a $0.10 dividend to be paid on October 8th, representing a dividend yield of 70.0%, with a low payout ratio of 9.62%.

News Corporation (NASDAQ:NWSA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $31.00 and last traded at $31.08, with a volume of 1156651 shares traded. The stock had previously closed at $30.45.

Analysts Set New Price Targets

Several research firms recently commented on NWSA. Macquarie reissued a "neutral" rating and set a $32.70 price target on shares of News in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on News from $38.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $38.62.

News Price Performance

The business's 50 day moving average is $29.57 and its two-hundred day moving average is $28.35. The firm has a market capitalization of $17.53 billion, a PE ratio of 14.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84.

News (NASDAQ:NWSA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (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 company had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. News's quarterly revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NWSA. Corient Private Wealth LLC raised its stake in shares of News by 4.5% during the 2nd quarter. Corient Private Wealth LLC now owns 62,752 shares of the company's stock worth $1,865,000 after buying an additional 2,715 shares during the last quarter. Squarepoint Ops LLC boosted its stake in News by 1,476.4% in the 2nd quarter. Squarepoint Ops LLC now owns 160,081 shares of the company's stock valued at $4,758,000 after buying an additional 149,926 shares in the last quarter. Neuberger Berman Group LLC boosted its position in News by 6.1% during the second quarter. Neuberger Berman Group LLC now owns 46,798 shares of the company's stock valued at $1,391,000 after purchasing an additional 2,675 shares during the last quarter. State of Wyoming lifted its stake in shares of News by 19.9% in the 2nd quarter. State of Wyoming now owns 10,929 shares of the company's stock valued at $325,000 after purchasing an additional 1,813 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of News in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 66.97% of the company's stock.

News Company 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.

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