News Corporation (NWSA) Given Consensus Rating of “Hold” by Brokerages
Shares of News Corporation (NASDAQ:NWSA) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $15.17.
NWSA has been the topic of a number of research reports. Rosenblatt Securities initiated coverage on News Corporation in a report on Friday, July 14th. They issued a “buy” rating and a $17.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating and issued a $17.00 target price on shares of News Corporation in a research note on Sunday, July 30th. Finally, Zacks Investment Research upgraded News Corporation from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a research note on Tuesday, October 10th.
A number of hedge funds have recently modified their holdings of NWSA. Creative Planning boosted its position in News Corporation by 109.9% during the second quarter. Creative Planning now owns 11,068 shares of the company’s stock worth $152,000 after purchasing an additional 5,795 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in News Corporation during the second quarter worth approximately $155,000. Parametrica Management Ltd purchased a new position in News Corporation during the second quarter worth approximately $156,000. Cubist Systematic Strategies LLC boosted its position in News Corporation by 322.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock worth $162,000 after purchasing an additional 9,029 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in News Corporation by 20.7% during the second quarter. Profund Advisors LLC now owns 12,750 shares of the company’s stock worth $175,000 after purchasing an additional 2,185 shares in the last quarter. Institutional investors own 60.46% of the company’s stock.
Shares of News Corporation (NASDAQ NWSA) traded up 0.15% on Thursday, reaching $13.68. The company’s stock had a trading volume of 1,756,657 shares. News Corporation has a 12-month low of $10.99 and a 12-month high of $14.49. The firm has a 50 day moving average price of $13.36 and a 200-day moving average price of $13.36. The stock’s market cap is $7.96 billion.
News Corporation (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. Equities research analysts expect that News Corporation will post $0.47 EPS for the current year.
The business also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s payout ratio is -15.63%.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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