Charles Schwab Investment Management Inc. Buys 93,681 Shares of News Corporation $NWSA

Charles Schwab Investment Management Inc. raised its stake in News Corporation (NASDAQ:NWSA) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,586,346 shares of the company’s stock after acquiring an additional 93,681 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of News worth $136,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of News by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 126,293 shares of the company’s stock worth $3,753,000 after purchasing an additional 344 shares during the last quarter. Horizon Investments LLC grew its holdings in News by 7.7% during the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock valued at $152,000 after buying an additional 398 shares in the last quarter. Amalgamated Bank increased its stake in News by 0.6% in the 2nd quarter. Amalgamated Bank now owns 74,022 shares of the company’s stock worth $2,200,000 after acquiring an additional 445 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of News by 5.4% during the 2nd quarter. GAMMA Investing LLC now owns 9,545 shares of the company’s stock worth $284,000 after acquiring an additional 487 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of News by 1.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,245 shares of the company’s stock valued at $1,102,000 after acquiring an additional 505 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

Analyst Ratings Changes

NWSA has been the topic of several research reports. Zacks Research cut shares of News from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. Macquarie restated a “neutral” rating and issued a $32.70 target price on shares of News in a report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on News from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Guggenheim reduced their price objective on News from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.95.

News Price Performance

Shares of NWSA stock opened at $25.58 on Friday. The stock has a 50 day moving average price of $27.02 and a 200 day moving average price of $28.32. News Corporation has a 52-week low of $23.38 and a 52-week high of $31.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.63 and a current ratio of 1.76. The firm has a market capitalization of $14.36 billion, a P/E ratio of 12.36 and a beta of 1.15.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. News had a return on equity of 5.68% and a net margin of 13.80%.The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the company posted $0.21 EPS. News’s quarterly revenue was down 16.8% on a year-over-year basis. As a group, sell-side analysts predict that News Corporation will post 0.94 earnings per share for the current 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.