News (NASDAQ:NWS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of News Corporation (NASDAQ:NWS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.95 and traded as high as $30.58. News shares last traded at $30.24, with a volume of 776,719 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of News from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

News Trading Down 0.5%

The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 14.90 and a beta of 0.90. The firm’s 50 day moving average is $27.76 and its two-hundred day moving average is $28.95. The company has a quick ratio of 1.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.20.

News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.15. News had a net margin of 13.35% and a return on equity of 5.94%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities analysts anticipate that News Corporation will post 0.97 EPS for the current year.

News Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 11th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 11th. This represents a yield of 73.0%. News’s dividend payout ratio is 9.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NWS. JPMorgan Chase & Co. boosted its holdings in News by 14.1% during the third quarter. JPMorgan Chase & Co. now owns 661,412 shares of the company’s stock worth $22,852,000 after buying an additional 81,986 shares in the last quarter. Metropolis Capital Ltd lifted its position in shares of News by 11.9% in the 3rd quarter. Metropolis Capital Ltd now owns 766,116 shares of the company’s stock valued at $26,469,000 after acquiring an additional 81,387 shares in the last quarter. Regal Partners Ltd lifted its position in shares of News by 218.8% in the 3rd quarter. Regal Partners Ltd now owns 199,015 shares of the company’s stock valued at $6,876,000 after acquiring an additional 136,590 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in shares of News in the 3rd quarter valued at approximately $4,146,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of News by 10.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 267,335 shares of the company’s stock valued at $9,236,000 after acquiring an additional 25,744 shares in the last quarter. Institutional investors own 14.63% of the company’s stock.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.