News Corporation (NWSA) Stake Held by IHT Wealth Management LLC
IHT Wealth Management LLC held its position in shares of News Corporation (NASDAQ:NWSA) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6 shares of the company’s stock at the end of the 2nd quarter. IHT Wealth Management LLC’s holdings in News Corporation were worth $410,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in News Corporation in the 1st quarter valued at about $118,000. Pacer Advisors Inc. grew its holdings in News Corporation by 56.6% in the 1st quarter. Pacer Advisors Inc. now owns 10,662 shares of the company’s stock valued at $139,000 after buying an additional 3,853 shares during the period. Creative Planning grew its holdings in News Corporation by 109.9% in the 2nd quarter. Creative Planning now owns 11,068 shares of the company’s stock valued at $152,000 after buying an additional 5,795 shares during the period. Balyasny Asset Management LLC purchased a new stake in News Corporation in the 2nd quarter valued at about $155,000. Finally, Parametrica Management Ltd purchased a new stake in News Corporation in the 2nd quarter valued at about $156,000. Institutional investors own 60.61% of the company’s stock.
A number of analysts have recently issued reports on NWSA shares. Zacks Investment Research cut News Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 target price on shares of News Corporation in a report on Sunday, July 30th. Finally, Rosenblatt Securities started coverage on News Corporation in a report on Friday, July 14th. They set a “buy” rating and a $17.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.20.
Shares of News Corporation (NASDAQ:NWSA) traded down 0.83% during mid-day trading on Monday, hitting $13.18. The stock had a trading volume of 214,498 shares. News Corporation has a one year low of $10.99 and a one year high of $14.55. The firm’s market cap is $7.67 billion. The company has a 50-day moving average of $13.26 and a 200 day moving average of $13.27.
News Corporation (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business earned $0.10 EPS. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that News Corporation will post $0.47 earnings per share for the current year.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, September 12th. News Corporation’s dividend payout ratio (DPR) is presently -15.63%.
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About News Corporation
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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