Creative Planning increased its stake in News Corporation (NASDAQ:NWSA) by 109.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,068 shares of the company’s stock after buying an additional 5,795 shares during the period. Creative Planning’s holdings in News Corporation were worth $152,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of NWSA. Vanguard Group Inc. raised its stake in News Corporation by 4.0% in the first quarter. Vanguard Group Inc. now owns 46,736,555 shares of the company’s stock valued at $607,574,000 after buying an additional 1,779,315 shares during the period. BlackRock Inc. raised its stake in News Corporation by 3,067.8% in the first quarter. BlackRock Inc. now owns 25,055,960 shares of the company’s stock valued at $325,727,000 after buying an additional 24,265,013 shares during the period. State Street Corp raised its stake in News Corporation by 6.0% in the first quarter. State Street Corp now owns 17,510,994 shares of the company’s stock valued at $227,645,000 after buying an additional 989,997 shares during the period. Artisan Partners Limited Partnership raised its stake in News Corporation by 1.4% in the first quarter. Artisan Partners Limited Partnership now owns 11,816,314 shares of the company’s stock valued at $153,612,000 after buying an additional 167,178 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in News Corporation by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,477,826 shares of the company’s stock valued at $58,217,000 after buying an additional 736,275 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Shares of News Corporation (NWSA) traded down 1.24% on Friday, hitting $13.51. The stock had a trading volume of 1,368,262 shares. News Corporation has a 52 week low of $10.99 and a 52 week high of $14.68. The company’s market cap is $7.86 billion. The stock’s 50-day moving average price is $13.83 and its 200 day moving average price is $13.09.
News Corporation (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the firm posted $0.10 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. On average, analysts predict that News Corporation will post $0.48 EPS for the current year.
NWSA has been the subject of several analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $17.00 target price on shares of News Corporation in a report on Monday, May 22nd. Zacks Investment Research lowered News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Rosenblatt Securities initiated coverage on News Corporation in a report on Friday, July 14th. They issued a “buy” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. News Corporation currently has a consensus rating of “Hold” and a consensus target price of $15.20.
News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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