BlackRock Inc. grew its position in shares of News Corp (NASDAQ:NWSA) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,362,106 shares of the company’s stock after buying an additional 638,599 shares during the period. BlackRock Inc. owned approximately 4.34% of News worth $287,861,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in shares of News by 7.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 13,900 shares of the company’s stock worth $158,000 after purchasing an additional 1,000 shares in the last quarter. Signition LP grew its holdings in shares of News by 11.9% during the 4th quarter. Signition LP now owns 13,575 shares of the company’s stock worth $154,000 after purchasing an additional 1,448 shares in the last quarter. Country Club Trust Company n.a. grew its holdings in shares of News by 15.0% during the 4th quarter. Country Club Trust Company n.a. now owns 14,564 shares of the company’s stock worth $165,000 after purchasing an additional 1,898 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of News by 5.5% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 43,070 shares of the company’s stock worth $489,000 after purchasing an additional 2,249 shares in the last quarter. Finally, Hartford Investment Management Co. grew its holdings in shares of News by 6.6% during the 4th quarter. Hartford Investment Management Co. now owns 41,807 shares of the company’s stock worth $475,000 after purchasing an additional 2,605 shares in the last quarter. Hedge funds and other institutional investors own 61.83% of the company’s stock.
Several research firms have recently issued reports on NWSA. Citigroup raised News from a “neutral” rating to a “buy” rating in a report on Monday, January 14th. UBS Group raised News from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Zacks Investment Research raised News from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Wednesday, January 2nd. Finally, ValuEngine lowered News from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. News currently has a consensus rating of “Hold” and an average price target of $14.17.
NASDAQ:NWSA opened at $12.64 on Friday. The stock has a market capitalization of $7.45 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 3.65 and a beta of 1.48. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. News Corp has a twelve month low of $10.65 and a twelve month high of $16.68.
News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.62 billion. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. News’s revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. Equities analysts predict that News Corp will post 0.38 EPS for the current fiscal year.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be paid a $0.10 dividend. This represents a yield of 1.61%. The ex-dividend date is Tuesday, March 12th. News’s dividend payout ratio (DPR) is presently 45.45%.
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News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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