News Corporation $NWSA Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in News Corporation (NASDAQ:NWSA) by 38.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,226,138 shares of the company’s stock after selling 5,649,477 shares during the quarter. Barclays PLC’s holdings in News were worth $240,987,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of News by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock worth $1,022,000 after acquiring an additional 1,950 shares in the last quarter. United Services Automobile Association acquired a new position in shares of News in the first quarter worth about $206,000. Empowered Funds LLC acquired a new stake in News during the first quarter valued at approximately $204,000. Focus Partners Wealth raised its stake in News by 44.4% during the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after buying an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in News during the second quarter valued at approximately $545,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Price Performance

Shares of News stock opened at $25.68 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $26.04 and its 200-day simple moving average is $25.46. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 12.78 and a beta of 0.88. News Corporation has a twelve month low of $22.20 and a twelve month high of $31.61.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. Equities research analysts forecast that News Corporation will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NWSA. Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup cut their price objective on News from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and set a $34.00 price objective on shares of News in a research note on Sunday, May 10th. Finally, Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, News currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.14.

News Company 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.