Teacher Retirement System of Texas Raises Holdings in News Corporation $NWSA

Teacher Retirement System of Texas lifted its holdings in shares of News Corporation (NASDAQ:NWSA) by 3.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 57,423 shares of the company’s stock after acquiring an additional 2,024 shares during the period. Teacher Retirement System of Texas’ holdings in News were worth $1,707,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Patton Fund Management Inc. purchased a new stake in News in the second quarter valued at approximately $241,000. Charles Schwab Investment Management Inc. boosted its position in News by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,492,665 shares of the company’s stock valued at $122,290,000 after buying an additional 72,438 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in News in the second quarter valued at approximately $30,000. Bank of New York Mellon Corp boosted its position in News by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 3,081,305 shares of the company’s stock valued at $83,873,000 after buying an additional 39,342 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in News by 34.2% in the first quarter. Goldman Sachs Group Inc. now owns 4,450,150 shares of the company’s stock valued at $121,133,000 after buying an additional 1,133,004 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the topic of several recent research reports. Macquarie restated a “neutral” rating and issued a $32.70 price objective on shares of News in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on News from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. Finally, Zacks Research lowered News from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.62.

News Trading Down 0.7%

Shares of NASDAQ:NWSA opened at $25.80 on Wednesday. News Corporation has a 1 year low of $23.38 and a 1 year high of $31.61. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The business’s 50 day moving average price is $28.28 and its 200-day moving average price is $28.51.

News (NASDAQ:NWSA) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Profile

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.