Several other research firms also recently weighed in on NWSA. Zacks Investment Research downgraded shares of News from a buy rating to a hold rating in a research note on Monday, January 15th. Jefferies Group reiterated a buy rating on shares of News in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $17.00.
Shares of News (NASDAQ NWSA) opened at $15.77 on Thursday. The company has a market cap of $9,300.00, a PE ratio of -20.48, a price-to-earnings-growth ratio of 3.29 and a beta of 2.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56. News has a 12-month low of $12.18 and a 12-month high of $17.29.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a dividend yield of 1.27%. News’s payout ratio is -25.97%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of News by 1.3% in the fourth quarter. BlackRock Inc. now owns 25,568,583 shares of the company’s stock worth $414,465,000 after purchasing an additional 318,441 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of News by 0.8% in the third quarter. Pzena Investment Management LLC now owns 23,381,277 shares of the company’s stock worth $310,036,000 after purchasing an additional 190,763 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of News by 4.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 9,787,872 shares of the company’s stock worth $129,787,000 after purchasing an additional 424,776 shares in the last quarter. Independent Franchise Partners LLP increased its stake in shares of News by 60.3% in the third quarter. Independent Franchise Partners LLP now owns 5,332,897 shares of the company’s stock worth $70,714,000 after purchasing an additional 2,005,812 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of News by 2.2% in the third quarter. Legal & General Group Plc now owns 2,223,854 shares of the company’s stock worth $29,488,000 after purchasing an additional 47,352 shares in the last quarter. Hedge funds and other institutional investors own 61.40% of the company’s stock.
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News Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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