25,823 Shares in News Corporation $NWSA Acquired by Caprock Group LLC

Caprock Group LLC bought a new position in shares of News Corporation (NASDAQ:NWSA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,823 shares of the company’s stock, valued at approximately $759,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of News by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after acquiring an additional 1,950 shares during the period. United Services Automobile Association acquired a new position in News in the first quarter valued at $206,000. Empowered Funds LLC purchased a new stake in shares of News in the first quarter valued at about $204,000. Focus Partners Wealth boosted its stake in shares of News by 44.4% during the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock worth $452,000 after buying an additional 5,106 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of News during the second quarter worth about $545,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Trading Up 1.4%

NASDAQ:NWSA opened at $22.72 on Tuesday. The business’s 50-day moving average is $25.77 and its two-hundred day moving average is $27.12. The firm has a market capitalization of $12.62 billion, a PE ratio of 11.19 and a beta of 0.99. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. Research analysts predict that News Corporation will post 0.94 earnings per share for the current fiscal year.

News Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on NWSA. Morgan Stanley set a $32.40 price objective on shares of News in a research report on Friday, February 6th. Guggenheim reduced their price target on News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of News from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.02.

News Profile

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.