Dimensional Fund Advisors LP Has $145.70 Million Holdings in News Corporation $NWSA

Dimensional Fund Advisors LP increased its holdings in shares of News Corporation (NASDAQ:NWSA) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,744,191 shares of the company’s stock after acquiring an additional 49,568 shares during the period. Dimensional Fund Advisors LP owned about 0.84% of News worth $145,704,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of News by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after buying an additional 1,950 shares during the last quarter. United Services Automobile Association bought a new stake in News during the 1st quarter worth about $206,000. Empowered Funds LLC acquired a new stake in News in the 1st quarter valued at about $204,000. Focus Partners Wealth raised its stake in shares of News by 44.4% in the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after acquiring an additional 5,106 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of News during the second quarter worth approximately $545,000. Institutional investors own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NWSA shares. JPMorgan Chase & Co. lowered their price target on shares of News from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley set a $32.40 target price on News in a research note on Friday, February 6th. Guggenheim cut their price target on News from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Citigroup decreased their price target on News from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.02.

News Price Performance

Shares of NWSA stock opened at $24.03 on Wednesday. The firm’s 50 day moving average price is $25.02 and its two-hundred day moving average price is $26.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81. News Corporation has a 52-week low of $22.20 and a 52-week high of $31.61. The stock has a market cap of $13.35 billion, a PE ratio of 11.84 and a beta of 0.98.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, analysts forecast that News Corporation will post 0.94 EPS for the current year.

News Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be issued a $0.10 dividend. This represents a yield of 83.0%. The ex-dividend date is Wednesday, March 11th. News’s dividend payout ratio is currently 9.85%.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.