Hsbc Holdings PLC reduced its holdings in shares of News Corp (NASDAQ:NWSA) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,393 shares of the company’s stock after selling 70,544 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of News worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in News by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,237,108 shares of the company’s stock worth $16,317,000 after acquiring an additional 13,852 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of News by 5.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 110,008 shares of the company’s stock worth $1,445,000 after buying an additional 5,200 shares during the last quarter. Norinchukin Bank The boosted its holdings in shares of News by 13.6% in the 3rd quarter. Norinchukin Bank The now owns 49,313 shares of the company’s stock worth $650,000 after buying an additional 5,887 shares during the last quarter. AXA purchased a new position in shares of News in the 3rd quarter worth about $9,068,000. Finally, CQS Cayman LP boosted its holdings in shares of News by 140.5% in the 3rd quarter. CQS Cayman LP now owns 602,835 shares of the company’s stock worth $7,951,000 after buying an additional 352,183 shares during the last quarter. 61.83% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on NWSA. Zacks Investment Research downgraded shares of News from a “buy” rating to a “hold” rating in a report on Friday, February 8th. ValuEngine downgraded shares of News from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Thursday, January 17th. Finally, Citigroup raised shares of News from a “neutral” rating to a “buy” rating in a report on Monday, January 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. News presently has an average rating of “Hold” and a consensus target price of $14.17.
Shares of News stock opened at $12.64 on Friday. News Corp has a 52-week low of $10.65 and a 52-week high of $16.68. The stock has a market capitalization of $7.45 billion, a P/E ratio of 28.73, a PEG ratio of 3.65 and a beta of 1.48. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.
News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts forecast that News Corp will post 0.38 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be paid a $0.10 dividend. This represents a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 12th. News’s dividend payout ratio is currently 45.45%.
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News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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