News Corporation $NWSA Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of News Corporation (NASDAQ:NWSA) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,106 shares of the company’s stock after selling 25,188 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in News were worth $2,275,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of News during the third quarter worth $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of News during the second quarter worth $30,000. Advisory Services Network LLC acquired a new position in shares of News during the third quarter worth $35,000. Brown Brothers Harriman & Co. lifted its position in shares of News by 154.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after purchasing an additional 780 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of News by 561.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after purchasing an additional 1,470 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Up 1.6%

NWSA stock opened at $27.26 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61. The firm has a fifty day moving average price of $25.83 and a two-hundred day moving average price of $25.41. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 13.56 and a beta of 0.88.

News (NASDAQ:NWSA) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts predict that News Corporation will post 0.92 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NWSA shares. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Citigroup cut their price target on shares of News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 price target on shares of News in a report on Sunday, May 10th. Finally, Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.14.

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.