News Corporation (NASDAQ:NWSA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.85 and traded as high as $29.73. News shares last traded at $29.65, with a volume of 2,519,719 shares traded.
Analyst Ratings Changes
NWSA has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of News from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Morgan Stanley reaffirmed an "overweight" rating and set a $35.00 price target on shares of News in a research report on Thursday, August 6th. Citigroup lowered their price target on News from $39.00 to $38.00 and set a "buy" rating for the company in a report on Wednesday, May 13th. Zacks Research lowered News from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded News from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.
Get Our Latest Stock Report on NWSA
News Trading Up 0.7%
The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 28.79 and a beta of 0.88. The business's 50-day moving average price is $27.30 and its 200 day moving average price is $25.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.62 and a quick ratio of 1.51.
News (NASDAQ:NWSA - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.14. News had a net margin of 6.35% and a return on equity of 7.09%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $0.19 EPS. The business's revenue was up 10.8% on a year-over-year basis. On average, equities analysts forecast that News Corporation will post 1.31 earnings per share for the current fiscal year.
News Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a yield of 68.0%. News's dividend payout ratio is currently 19.42%.
Hedge Funds Weigh In On News
A number of institutional investors have recently made changes to their positions in NWSA. CYBER HORNET ETFs LLC acquired a new stake in shares of News during the second quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new position in News during the 3rd quarter valued at $31,000. Advisory Services Network LLC acquired a new position in News during the 3rd quarter worth $35,000. Brown Brothers Harriman & Co. lifted its position in shares of News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company's stock worth $39,000 after purchasing an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in News by 561.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company's stock valued at $45,000 after buying an additional 1,470 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.
News Company Profile
(
Get Free Report)
News Corporation NASDAQ: NWSA is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company's news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron's, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.
In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world's largest consumer publishers.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider News, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and News wasn't on the list.
While News currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
