News Corporation $NWSA Shares Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. grew its holdings in News Corporation (NASDAQ:NWSA) by 105.2% during the third quarter, HoldingsChannel reports. The fund owned 569,255 shares of the company’s stock after purchasing an additional 291,785 shares during the period. Capital Fund Management S.A.’s holdings in News were worth $17,482,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NWSA. Permanent Capital Management LP purchased a new stake in News in the third quarter valued at $812,000. Barclays PLC boosted its stake in News by 39.5% in the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after acquiring an additional 4,214,562 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of News by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 1,770,946 shares of the company’s stock worth $54,389,000 after purchasing an additional 330,513 shares during the last quarter. XTX Topco Ltd increased its position in shares of News by 197.2% during the second quarter. XTX Topco Ltd now owns 83,176 shares of the company’s stock worth $2,472,000 after purchasing an additional 55,185 shares in the last quarter. Finally, GenTrust LLC purchased a new stake in shares of News in the 3rd quarter valued at about $1,549,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NWSA shares. Citigroup dropped their price target on News from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Morgan Stanley set a $32.40 price objective on News in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on News from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Wall Street Zen cut shares of News from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.02.

News Stock Up 0.9%

NWSA opened at $24.24 on Thursday. News Corporation has a 52 week low of $22.20 and a 52 week high of $31.61. The business has a 50 day moving average price of $24.98 and a two-hundred day moving average price of $26.48. The company has a quick ratio of 1.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.20. The company has a market cap of $13.46 billion, a PE ratio of 11.94 and a beta of 0.98.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. News had a return on equity of 5.94% and a net margin of 13.35%.The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. As a group, research analysts anticipate that News Corporation will post 0.94 EPS for the current year.

News Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be given a $0.10 dividend. This represents a yield of 83.0%. The ex-dividend date is Wednesday, March 11th. News’s dividend payout ratio (DPR) is 9.85%.

News Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.