8,076 Shares in News Corporation $NWSA Acquired by Earned Wealth Advisors LLC

by · The Cerbat Gem

Earned Wealth Advisors LLC acquired a new position in News Corporation (NASDAQ:NWSA – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,076 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of News by 103.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,344 shares of the company’s stock worth $635,000 after purchasing an additional 11,898 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in shares of News during the 2nd quarter valued at $241,000. Charles Schwab Investment Management Inc. boosted its stake in shares of News by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,492,665 shares of the company’s stock valued at $122,290,000 after buying an additional 72,438 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of News during the 2nd quarter valued at $30,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of News by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 3,081,305 shares of the company’s stock valued at $83,873,000 after buying an additional 39,342 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

NWSA has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of News in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of News from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Zacks Research lowered shares of News from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, Macquarie reissued a “neutral” rating and set a $32.70 target price on shares of News in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.62.

View Our Latest Report on NWSA

News Stock Up 0.1%

NWSA stock opened at $26.50 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.21. News Corporation has a 1 year low of $23.38 and a 1 year high of $31.61. The company has a fifty day simple moving average of $28.44 and a 200 day simple moving average of $28.47. The firm has a market cap of $14.97 billion, a PE ratio of 12.74 and a beta of 1.17.

News (NASDAQ:NWSA – Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. News had a return on equity of 5.66% and a net margin of 13.21%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts anticipate that News Corporation will post 0.94 EPS for the current fiscal year.

News Dividend Announcement

The company also recently announced a half year 25 dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a yield of 70.0%. News’s payout ratio is currently 9.62%.

News Company Profile

(Free Report)

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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