News Corporation (NASDAQ:NWSA) has been assigned a consensus rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.40.
NWSA has been the subject of several analyst reports. Zacks Investment Research raised News Corporation from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of News Corporation in a report on Sunday, July 30th. Finally, Rosenblatt Securities initiated coverage on News Corporation in a report on Friday, July 14th. They issued a “buy” rating and a $17.00 price objective for the company.
News Corporation (NASDAQ NWSA) traded up 0.07% during midday trading on Thursday, reaching $13.69. The company had a trading volume of 1,577,961 shares. The company’s 50-day moving average is $13.37 and its 200 day moving average is $13.37. News Corporation has a 52-week low of $10.99 and a 52-week high of $14.48. The company’s market cap is $7.97 billion.
News Corporation (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.11 billion. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS. On average, equities research analysts forecast that News Corporation will post $0.47 EPS for the current year.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a dividend yield of 1.49%. News Corporation’s payout ratio is -15.63%.
Several institutional investors and hedge funds have recently modified their holdings of NWSA. JPMorgan Chase & Co. increased its stake in shares of News Corporation by 281.2% in the 1st quarter. JPMorgan Chase & Co. now owns 202,087 shares of the company’s stock valued at $2,627,000 after purchasing an additional 149,080 shares during the last quarter. FMR LLC increased its stake in shares of News Corporation by 43.7% in the 1st quarter. FMR LLC now owns 1,925,699 shares of the company’s stock valued at $25,034,000 after purchasing an additional 585,282 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of News Corporation by 6.6% in the 1st quarter. Teachers Advisors LLC now owns 504,842 shares of the company’s stock valued at $6,563,000 after purchasing an additional 31,289 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of News Corporation by 19.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,477,826 shares of the company’s stock valued at $58,217,000 after purchasing an additional 736,275 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of News Corporation by 3,067.8% in the 1st quarter. BlackRock Inc. now owns 25,055,960 shares of the company’s stock valued at $325,727,000 after purchasing an additional 24,265,013 shares during the last quarter. Institutional investors own 60.46% of the company’s stock.
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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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