WINTON GROUP Ltd bought a new stake in News Corp (NASDAQ:NWSA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,333 shares of the company’s stock, valued at approximately $249,000.
A number of other large investors have also recently added to or reduced their stakes in NWSA. Acadian Asset Management LLC purchased a new position in shares of News during the 4th quarter worth about $24,086,000. PGGM Investments purchased a new position in shares of News during the 4th quarter worth about $14,524,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of News by 4.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 9,787,872 shares of the company’s stock worth $129,787,000 after acquiring an additional 424,776 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of News by 242.8% during the 4th quarter. State of Tennessee Treasury Department now owns 546,536 shares of the company’s stock worth $8,860,000 after acquiring an additional 387,108 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of News by 89.5% during the 4th quarter. Wells Fargo & Company MN now owns 811,362 shares of the company’s stock worth $13,151,000 after acquiring an additional 383,180 shares during the period. Institutional investors own 62.12% of the company’s stock.
NASDAQ NWSA opened at $15.50 on Friday. News Corp has a one year low of $12.19 and a one year high of $17.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $9,195.61, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 2.44 and a beta of 1.93.
News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. News had a negative net margin of 5.41% and a positive return on equity of 2.52%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.19 earnings per share. News’s revenue for the quarter was up 3.0% compared to the same quarter last year. equities research analysts predict that News Corp will post 0.51 EPS for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a yield of 1.27%. News’s payout ratio is 55.56%.
Several brokerages have recently weighed in on NWSA. Zacks Investment Research upgraded shares of News from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating on shares of News in a report on Friday, February 9th. TheStreet lowered shares of News from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Finally, Loop Capital assumed coverage on shares of News in a report on Thursday, March 15th. They set a “hold” rating and a $17.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $17.50.
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News Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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