News Co. (NASDAQ:NWSA) Shares Bought by Capula Management Ltd

Capula Management Ltd grew its stake in News Co. (NASDAQ:NWSA) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 283,682 shares of the company’s stock after purchasing an additional 49,442 shares during the period. News comprises 0.0% of Capula Management Ltd’s investment portfolio, making the stock its 22nd biggest position. Capula Management Ltd’s holdings in News were worth $7,813,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NWSA. Larson Financial Group LLC raised its position in News by 2,392.9% during the fourth quarter. Larson Financial Group LLC now owns 1,047 shares of the company’s stock valued at $29,000 after acquiring an additional 1,005 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of News during the 4th quarter valued at approximately $36,000. R Squared Ltd acquired a new position in shares of News in the 4th quarter valued at $49,000. Smartleaf Asset Management LLC boosted its holdings in News by 49.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company’s stock worth $55,000 after buying an additional 660 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in News during the third quarter valued at $85,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

Shares of News stock opened at $24.08 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The business has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $27.79. The stock has a market capitalization of $13.66 billion, a P/E ratio of 32.99 and a beta of 1.24. News Co. has a 12 month low of $22.65 and a 12 month high of $30.69.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. As a group, analysts predict that News Co. will post 0.94 EPS for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.40 annualized dividend and a yield of 1.66%. News’s dividend payout ratio is presently 27.40%.

Wall Street Analysts Forecast Growth

NWSA has been the topic of several recent analyst reports. Guggenheim increased their target price on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Seaport Res Ptn upgraded News to a “strong-buy” rating in a research report on Friday, January 31st. Loop Capital cut their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, UBS Group raised shares of News from a “neutral” rating to a “buy” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $39.25.

News Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.