News Corp Class A (NASDAQ:NWSA)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.77 and last traded at $12.92, with a volume of 105915 shares traded. The stock had previously closed at $12.89.
NWSA has been the topic of a number of research analyst reports. Zacks Investment Research cut News Corp Class A from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. UBS Group upgraded News Corp Class A from a “sell” rating to a “neutral” rating in a report on Wednesday, August 29th. ValuEngine cut News Corp Class A from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Morgan Stanley cut News Corp Class A from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $17.00 to $12.50 in a report on Monday, August 20th. Finally, Loop Capital upgraded News Corp Class A from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.50.
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 1.22. The firm has a market capitalization of $7.62 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 4.29 and a beta of 1.87.
News Corp Class A (NASDAQ:NWSA) last issued its earnings results on Thursday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. News Corp Class A had a positive return on equity of 2.41% and a negative net margin of 16.78%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business earned $0.11 EPS. News Corp Class A’s quarterly revenue was up 29.5% compared to the same quarter last year. equities analysts expect that News Corp Class A will post 0.44 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be issued a $0.10 dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Tuesday, September 11th. News Corp Class A’s dividend payout ratio is currently 45.45%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its position in News Corp Class A by 3,971.7% in the 1st quarter. Assetmark Inc. now owns 7,492 shares of the company’s stock valued at $118,000 after buying an additional 7,308 shares during the last quarter. Dupont Capital Management Corp raised its position in News Corp Class A by 74.0% in the 2nd quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after buying an additional 3,396 shares during the last quarter. Greenleaf Trust purchased a new stake in News Corp Class A in the 2nd quarter valued at $156,000. Rampart Investment Management Company LLC raised its position in News Corp Class A by 118.9% in the 1st quarter. Rampart Investment Management Company LLC now owns 11,225 shares of the company’s stock valued at $177,000 after buying an additional 6,097 shares during the last quarter. Finally, TLP Group LLC raised its position in News Corp Class A by 21,611.5% in the 1st quarter. TLP Group LLC now owns 13,244 shares of the company’s stock valued at $209,000 after buying an additional 13,183 shares during the last quarter. Institutional investors own 60.87% of the company’s stock.
News Corp Class A Company Profile (NASDAQ:NWSA)
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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