6,368 Shares in News Corporation $NWS Acquired by MGO One Seven LLC

MGO One Seven LLC purchased a new position in shares of News Corporation (NASDAQ:NWS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,368 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also made changes to their positions in NWS. SVB Wealth LLC acquired a new stake in shares of News during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. boosted its position in News by 3,546.2% in the first quarter. First Horizon Advisors Inc. now owns 948 shares of the company’s stock valued at $29,000 after buying an additional 922 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in News by 75.3% in the first quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company’s stock valued at $29,000 after buying an additional 414 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in News by 150.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,925 shares of the company’s stock valued at $58,000 after buying an additional 1,156 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in News by 20.3% in the first quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the company’s stock valued at $97,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

Analyst Upgrades and Downgrades

NWS has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

News Price Performance

NWS stock opened at $29.94 on Tuesday. The company has a fifty day moving average price of $32.79 and a 200-day moving average price of $32.56. The company has a market capitalization of $16.92 billion, a P/E ratio of 14.39 and a beta of 1.17. News Corporation has a 52-week low of $26.25 and a 52-week high of $35.58. 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:NWS) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. As a group, equities analysts expect that News Corporation will post 1.03 EPS for the current year.

News Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Wednesday, October 8th. Investors of record on Wednesday, September 10th were paid a dividend of $0.10 per share. This represents a yield of 63.0%. The ex-dividend date of this dividend was Wednesday, September 10th. News’s dividend payout ratio (DPR) is currently 9.62%.

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.