Baker Ellis Asset Management LLC Sells 35,460 Shares of News Corporation $NWSA

Posted by Stanley Muller on Oct 14th, 2026

Baker Ellis Asset Management LLC cut its holdings in News Corporation (NASDAQ:NWSA – Free Report) by 63.1% during the 3rd quarter, Holdings Channel reports. The firm owned 20,700 shares of the company’s stock after selling 35,460 shares during the period. Baker Ellis Asset Management LLC’s holdings in News were worth $593,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its position in shares of News by 282.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 2,032 shares of the company’s stock worth $50,000 after acquiring an additional 1,501 shares in the last quarter. Root Financial Partners LLC raised its position in News by 96.2% in the 1st quarter. Root Financial Partners LLC now owns 2,188 shares of the company’s stock worth $55,000 after buying an additional 1,073 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of News by 79.0% during the 2nd quarter. IFP Advisors Inc now owns 3,682 shares of the company’s stock valued at $91,000 after acquiring an additional 1,625 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in News by 26.5% during the first quarter. EverSource Wealth Advisors LLC now owns 8,299 shares of the company’s stock valued at $207,000 after purchasing an additional 1,739 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in News during the first quarter valued at $212,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NWSA shares. Wall Street Zen upgraded News from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of News in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on News from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Weiss Ratings raised shares of News from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Zacks Research downgraded News from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, News presently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Read Our Latest Stock Report on NWSA

News Stock Down 0.2%

Shares of News stock traded down $0.07 during trading on Wednesday, reaching $29.56. The company’s stock had a trading volume of 2,900,516 shares, compared to its average volume of 4,419,853. The company has a market cap of $15.99 billion, a price-to-earnings ratio of 28.70 and a beta of 0.97. The company has a quick ratio of 1.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $29.55 and a two-hundred day simple moving average of $27.42. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.66.

News (NASDAQ:NWSA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.14. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.25 billion. News had a net margin of 6.35% and a return on equity of 7.09%. News’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. As a group, equities analysts forecast that News Corporation will post 1.31 earnings per share for the current year.

News Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were paid a $0.10 dividend. The ex-dividend date was Wednesday, September 9th. This represents a dividend yield of 68.0%. News’s dividend payout ratio is presently 19.42%.

News Company Profile

(Free Report)

News Corp (NASDAQ: NWSA) is a global media and information-services company that creates and distributes news, business information, books, digital content and real estate services. Its operations serve consumers, professionals, institutions and businesses across the United States, the United Kingdom, Australia and other international markets.

The company’s Dow Jones division provides business and financial news, data and information through publications and platforms including The Wall Street Journal, Barron’s, MarketWatch, Factiva and Dow Jones Newswires.