News Co. (NASDAQ:NWSA – Get Free Report) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $39.25.
NWSA has been the subject of several recent analyst reports. Citigroup initiated coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price target for the company. Loop Capital decreased their price target on News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, Guggenheim boosted their price objective on News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd.
Check Out Our Latest Analysis on News
News Stock Performance
News (NASDAQ:NWSA – Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. Analysts anticipate that News will post 0.94 earnings per share for the current fiscal year.
News Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 12th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. News’s dividend payout ratio is currently 27.40%.
Institutional Investors Weigh In On News
Several large investors have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of News in the 4th quarter valued at approximately $3,348,000. Asset Value Investors Ltd bought a new stake in shares of News in the 4th quarter valued at approximately $122,391,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of News in the 4th quarter valued at approximately $2,460,000. Credit Industriel ET Commercial bought a new stake in News during the 4th quarter worth approximately $8,174,000. Finally, Forum Financial Management LP grew its position in News by 9.0% during the 4th quarter. Forum Financial Management LP now owns 10,891 shares of the company’s stock worth $300,000 after acquiring an additional 903 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.
About News
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.
Read More
- Five stocks we like better than News
- What is Forex and How Does it Work?
- How to Build the Ultimate Everything ETF Portfolio
- Investing In Preferred Stock vs. Common Stock
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.