News Co. (NASDAQ:NWSA) Receives $29.50 Average PT from Brokerages

Shares of News Co. (NASDAQ:NWSAGet Free Report) have earned an average recommendation of “Buy” from the four research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $29.50.

NWSA has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a report on Friday, January 19th. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. Finally, TheStreet upgraded shares of News from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th.

Read Our Latest Stock Report on News

News Stock Down 1.2 %

NWSA stock opened at $25.51 on Friday. The company has a fifty day moving average of $25.80 and a 200-day moving average of $23.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. The stock has a market capitalization of $14.57 billion, a PE ratio of 63.78 and a beta of 1.33. News has a one year low of $16.35 and a one year high of $28.00.

News (NASDAQ:NWSAGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.56 billion. News had a net margin of 2.29% and a return on equity of 4.14%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, analysts expect that News will post 0.72 EPS for the current year.

News Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio (DPR) is 50.00%.

Institutional Trading of News

A number of institutional investors and hedge funds have recently modified their holdings of NWSA. Vanguard Group Inc. increased its holdings in shares of News by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 55,393,232 shares of the company’s stock worth $836,992,000 after acquiring an additional 536,547 shares during the period. BlackRock Inc. grew its position in News by 0.8% in the 1st quarter. BlackRock Inc. now owns 25,216,349 shares of the company’s stock valued at $558,541,000 after buying an additional 210,486 shares in the last quarter. State Street Corp grew its position in News by 6.5% in the 2nd quarter. State Street Corp now owns 18,581,500 shares of the company’s stock valued at $362,339,000 after buying an additional 1,128,531 shares in the last quarter. Geode Capital Management LLC grew its position in News by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 8,545,192 shares of the company’s stock valued at $147,262,000 after buying an additional 62,490 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in News by 35.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,262,494 shares of the company’s stock valued at $160,865,000 after buying an additional 1,908,096 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

About News

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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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.

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