Hsbc Holdings PLC Has $19.96 Million Stock Position in News Corporation $NWSA

Hsbc Holdings PLC increased its holdings in shares of News Corporation (NASDAQ:NWSA) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 763,163 shares of the company’s stock after buying an additional 85,624 shares during the quarter. Hsbc Holdings PLC owned 0.14% of News worth $19,959,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NWSA. Swedbank AB increased its position in shares of News by 77.3% during the fourth quarter. Swedbank AB now owns 192,326 shares of the company’s stock worth $5,024,000 after acquiring an additional 83,821 shares in the last quarter. Barclays PLC lifted its position in News by 39.5% in the 3rd quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after acquiring an additional 4,214,562 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in News by 22.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,770,946 shares of the company’s stock worth $54,389,000 after purchasing an additional 330,513 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in News by 14.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 823,989 shares of the company’s stock worth $21,580,000 after purchasing an additional 102,259 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of News in the 3rd quarter valued at about $8,799,000. 66.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

News Trading Up 1.1%

News stock opened at $25.27 on Thursday. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 12.57 and a beta of 0.88. The firm has a 50-day moving average of $26.17 and a 200-day moving average of $25.45. 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 one year low of $22.20 and a one year high of $31.61.

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

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.