News Corporation $NWSA Holdings Raised by Credit Industriel ET Commercial

Credit Industriel ET Commercial lifted its stake in News Corporation (NASDAQ:NWSA) by 101.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,326 shares of the company’s stock after purchasing an additional 98,183 shares during the quarter. Credit Industriel ET Commercial’s holdings in News were worth $4,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB increased its position in shares of News by 77.3% in 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in News by 14.2% in 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 during the period. CIBC Bancorp USA Inc. acquired a new position in News in the 3rd quarter worth approximately $8,799,000. WINTON GROUP Ltd purchased a new position in News during the 3rd quarter worth approximately $5,927,000. Finally, Inceptionr LLC acquired a new stake in News during the 3rd quarter valued at $1,510,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analysts Set New Price Targets

NWSA has been the subject of several recent analyst reports. Weiss Ratings raised News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup decreased their price objective on News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 target price on shares of News in a research note on Sunday, May 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.14.

News Trading Up 1.4%

Shares of NASDAQ:NWSA opened at $27.02 on Tuesday. The firm has a fifty day moving average of $26.14 and a two-hundred day moving average of $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. News Corporation has a 12-month low of $22.20 and a 12-month high of $31.61. The firm has a market capitalization of $14.79 billion, a P/E ratio of 13.45 and a beta of 0.89.

News (NASDAQ:NWSA) last posted 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 the consensus estimate of $2.11 billion. News had a net margin of 12.92% and a return on equity of 6.12%. News’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share. On average, equities analysts expect that News Corporation will post 0.92 EPS 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.