News Corporation $NWSA Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of News Corporation (NASDAQ:NWSA) by 113.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,976 shares of the company’s stock after purchasing an additional 66,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in News were worth $3,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of News by 16.5% in the 3rd quarter. State Street Corp now owns 31,356,593 shares of the company’s stock worth $965,673,000 after acquiring an additional 4,448,929 shares during the period. Independent Franchise Partners LLP lifted its position in News by 4.0% in the fourth quarter. Independent Franchise Partners LLP now owns 29,934,048 shares of the company’s stock valued at $781,877,000 after purchasing an additional 1,137,691 shares during the period. 59 North Capital Management LP boosted its holdings in News by 10.7% in the 3rd quarter. 59 North Capital Management LP now owns 14,009,242 shares of the company’s stock valued at $430,224,000 after purchasing an additional 1,358,375 shares in the last quarter. Geode Capital Management LLC increased its position in News by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 10,458,034 shares of the company’s stock worth $272,169,000 after purchasing an additional 88,157 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of News by 11.7% during the 3rd quarter. AQR Capital Management LLC now owns 9,072,194 shares of the company’s stock worth $278,607,000 after buying an additional 947,687 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWSA. Citigroup decreased their price target on News from $39.00 to $38.00 and set a “buy” rating on the stock in a research note 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 restated an “overweight” rating and issued a $34.00 price target on shares of News in a research report on Sunday, May 10th. Finally, Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.14.

News Trading Up 1.5%

Shares of News stock opened at $27.03 on Tuesday. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The business’s fifty day moving average is $26.14 and its two-hundred day moving average is $25.44. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The firm has a market cap of $14.80 billion, a PE ratio of 13.25 and a beta of 0.89.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts anticipate that News Corporation will post 0.92 earnings per share for the current year.

News 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.