State of Wisconsin Investment Board Has $192.38 Million Holdings in News Corporation $NWSA

State of Wisconsin Investment Board boosted its holdings in shares of News Corporation (NASDAQ:NWSA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,365,364 shares of the company’s stock after buying an additional 275,480 shares during the quarter. News makes up approximately 0.4% of State of Wisconsin Investment Board’s investment portfolio, making the stock its 29th largest position. State of Wisconsin Investment Board’s holdings in News were worth $192,383,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its position in News by 77.3% during the fourth quarter. Swedbank AB now owns 192,326 shares of the company’s stock worth $5,024,000 after buying an additional 83,821 shares during the last quarter. Barclays PLC increased its position in News by 39.5% during the third quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock worth $456,830,000 after buying an additional 4,214,562 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 buying an additional 330,513 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in News by 14.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 823,989 shares of the company’s stock worth $21,580,000 after buying an additional 102,259 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in News during the third quarter worth approximately $8,799,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Up 0.9%

Shares of NASDAQ:NWSA opened at $25.93 on Wednesday. The company has a market capitalization of $14.20 billion, a P/E ratio of 12.90 and a beta of 0.88. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59. The business’s 50 day simple moving average is $26.09 and its 200 day simple moving average is $25.47.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NWSA. Morgan Stanley reissued an “overweight” rating and set a $34.00 price target on shares of News in a research report on Sunday, May 10th. Wall Street Zen raised News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised News from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Citigroup reduced their price target on News from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Finally, Zacks Research raised News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.14.

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.