Shares of News Corporation (NASDAQ:NWSA) have been given a consensus rating of “Hold” by the six brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.50.
A number of brokerages recently weighed in on NWSA. Jefferies Group LLC cut their price target on shares of News Corporation to $17.00 in a research report on Friday. Guggenheim reiterated a “neutral” rating on shares of News Corporation in a research report on Friday. Zacks Investment Research upgraded shares of News Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. TheStreet downgraded shares of News Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Finally, Bank of America Corporation downgraded shares of News Corporation from a “neutral” rating to an “underperform” rating and set a $14.00 price target on the stock. in a research report on Thursday, October 27th.
Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of News Corporation by 49.6% in the third quarter. Victory Capital Management Inc. now owns 7,265 shares of the company’s stock valued at $102,000 after buying an additional 2,408 shares during the period. Virtus Investment Advisers Inc. bought a new stake in shares of News Corporation during the third quarter valued at approximately $137,000. Toronto Dominion Bank increased its stake in shares of News Corporation by 430.5% in the third quarter. Toronto Dominion Bank now owns 11,114 shares of the company’s stock valued at $155,000 after buying an additional 9,019 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of News Corporation by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,130 shares of the company’s stock valued at $170,000 after buying an additional 160 shares during the period. Finally, TradeLink Capital LLC bought a new stake in shares of News Corporation during the third quarter valued at approximately $171,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.
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News Corporation (NASDAQ:NWSA) opened at 13.29 on Wednesday. News Corporation has a 12 month low of $10.47 and a 12 month high of $14.68. The firm’s market capitalization is $7.72 billion. The firm’s 50-day moving average is $12.09 and its 200 day moving average is $12.74.
News Corporation (NASDAQ:NWSA) last released its earnings results on Thursday, February 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. News Corporation had a negative net margin of 4.43% and a positive return on equity of 1.63%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Equities analysts predict that News Corporation will post $0.40 earnings per share for the current year.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, April 19th. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a yield of 1.5%. News Corporation’s dividend payout ratio (DPR) is currently -31.25%.
News Corporation 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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