Brokerages Set News Corp. (NASDAQ:NWSA) PT at $18.17
Shares of News Corp. (NASDAQ:NWSA) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.17.
NWSA has been the topic of a number of recent research reports. TheStreet raised News Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Zacks Investment Research raised News Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley reissued a “hold” rating on shares of News Corp. in a research report on Thursday, August 18th.
Several large investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. boosted its stake in shares of News Corp. by 0.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 568,673 shares of the company’s stock worth $7,262,000 after buying an additional 3,014 shares during the period. Credit Agricole S A boosted its stake in News Corp. by 19.8% in the first quarter. Credit Agricole S A now owns 65,350 shares of the company’s stock worth $835,000 after buying an additional 10,791 shares during the period. Geode Capital Management LLC boosted its stake in News Corp. by 2.0% in the first quarter. Geode Capital Management LLC now owns 3,405,598 shares of the company’s stock worth $43,408,000 after buying an additional 66,974 shares during the period. BlueMountain Capital Management LLC boosted its stake in News Corp. by 15.9% in the first quarter. BlueMountain Capital Management LLC now owns 6,963,170 shares of the company’s stock worth $88,920,000 after buying an additional 957,265 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in News Corp. by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 487,346 shares of the company’s stock worth $6,223,000 after buying an additional 47,902 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Shares of News Corp. (NASDAQ:NWSA) opened at 13.89 on Tuesday. The company has a 50-day moving average price of $13.81 and a 200 day moving average price of $12.59. News Corp. has a 12-month low of $10.21 and a 12-month high of $15.68. The company has a market capitalization of $8.06 billion, a P/E ratio of 45.54 and a beta of 2.01.
News Corp. (NASDAQ:NWSA) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business earned $2.23 billion during the quarter, compared to the consensus estimate of $2.06 billion. News Corp. had a net margin of 2.16% and a return on equity of 1.96%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.07 EPS. On average, equities analysts anticipate that News Corp. will post $0.44 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, September 12th. News Corp.’s dividend payout ratio (DPR) is currently 66.67%.
About News Corp.
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.
Receive News & Stock Ratings for News Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News Corp. and related stocks with our FREE daily email newsletter.