News (NASDAQ:NWS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• News Corp shares rose above their 200-day moving average, trading near $32.00 versus the $30.89 average, signaling improved technical momentum.
• The company outlined a $1 billion share-repurchase program and canceled more than 447,000 Class A and Class B shares, potentially supporting per-share earnings and shareholder value.
• Analyst sentiment is strongly positive, with an average “Strong Buy” rating, while the latest quarterly results exceeded EPS expectations and revenue matched forecasts.

News Corporation (NASDAQ:NWS - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $30.89 and traded as high as $32.02. News shares last traded at $32.00, with a volume of 921,214 shares traded.

Key Stories Impacting News

Here are the key news stories impacting News this week:

• Positive Sentiment: News Corp detailed the scope of its previously announced US$1 billion share-repurchase program for its Nasdaq-listed stock. Buybacks can support the share price by creating a consistent source of demand and reducing the number of shares outstanding. News Corp Details US$1bn Share Buy-Back for Nasdaq-Listed Stock
• Positive Sentiment: News Corp reported the cancellation of 311,615 Class A shares and 135,640 Class B shares under its buyback and capital-management activities. Fewer shares outstanding can modestly improve per-share earnings and shareholder ownership. News Corp Cancels Shares Under Buy-Back
• Positive Sentiment: Realtor.com research, a News Corp business, projects that aging homeowners will release 13.9 million homes over the next decade. Higher housing turnover could support property-search traffic and advertising demand, although it does not eliminate the broader housing shortage. Closing Time for a Generation
• Neutral Sentiment: Multiple filings disclosed share transactions or updated holdings involving directors, including Lachlan Murdoch and Jose Maria Aznar. The available announcements do not indicate that these transactions represent a broad change in insider sentiment. News Corp Discloses Lachlan Murdoch Share Transactions

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NWS shares. Weiss Ratings upgraded shares of News from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Zacks Research raised News from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the company presently has an average rating of "Strong Buy".

News Trading Up 1.1%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.51 and a current ratio of 1.62. The company has a 50 day simple moving average of $33.08 and a two-hundred day simple moving average of $30.89. The firm has a market cap of $17.31 billion, a PE ratio of 31.07 and a beta of 0.96.

News (NASDAQ:NWS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. News had a return on equity of 7.09% and a net margin of 6.35%.The firm had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.25 billion. Analysts expect that News Corporation will post 1.31 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.10 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, September 9th. News's payout ratio is presently 19.42%.

Hedge Funds Weigh In On News

Institutional investors have recently modified their holdings of the stock. CX Institutional raised its position in News by 47.9% during the third quarter. CX Institutional now owns 9,863 shares of the company's stock valued at $313,000 after acquiring an additional 3,194 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of News during the 2nd quarter valued at approximately $65,000. Squarepoint Ops LLC acquired a new position in shares of News in the 2nd quarter valued at $4,449,000. Allworth Financial LP boosted its holdings in News by 79.4% during the second quarter. Allworth Financial LP now owns 1,717 shares of the company's stock worth $48,000 after buying an additional 760 shares in the last quarter. Finally, Nykredit A S acquired a new stake in News during the second quarter valued at $129,000. Hedge funds and other institutional investors own 14.63% of the company's stock.

About News

News Corp NASDAQ: NWS is a global diversified media and information services company headquartered in New York. Its businesses produce and distribute news, financial information, books, digital content and real estate listings across multiple platforms and geographies.

The company's principal operations include Dow Jones, which provides business news, financial data and professional information services through publications such as The Wall Street Journal and Barron's; News Corp Australia and News UK, which operate newspapers, digital news properties and other media brands; and HarperCollins Publishers, a global publisher of books in a broad range of categories.

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