Savant Capital LLC Sells 92,475 Shares of News Corporation $NWSA

Savant Capital LLC lowered its stake in News Corporation (NASDAQ:NWSA) by 85.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,013 shares of the company’s stock after selling 92,475 shares during the quarter. Savant Capital LLC’s holdings in News were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of News in the third quarter worth about $31,000. CYBER HORNET ETFs LLC purchased a new position in News during the 2nd quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in News in the 3rd quarter worth approximately $35,000. Brown Brothers Harriman & Co. raised its holdings in shares of News by 154.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after acquiring an additional 780 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of News by 561.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after acquiring an additional 1,470 shares in the last quarter. 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 weighed in on the stock. Citigroup cut their target price on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 price target on shares of News in a report on Sunday, May 10th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, News presently has an average rating of “Moderate Buy” and an average price target of $37.14.

News Stock Performance

NASDAQ:NWSA opened at $26.84 on Friday. The stock’s fifty day moving average is $25.77 and its 200 day moving average is $25.40. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The firm has a market capitalization of $14.69 billion, a PE ratio of 13.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a net margin of 12.92% and a return on equity of 6.12%. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the firm earned $0.17 earnings per share. News’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts anticipate that News Corporation will post 0.92 earnings per share for the current year.

About News

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.