Yousif Capital Management LLC Sells 614 Shares of News Corporation $NWSA

Yousif Capital Management LLC decreased its holdings in shares of News Corporation (NASDAQ:NWSA) by 1.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 47,935 shares of the company’s stock after selling 614 shares during the period. Yousif Capital Management LLC’s holdings in News were worth $1,425,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in News by 12,084.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,584 shares of the company’s stock valued at $43,000 after buying an additional 1,571 shares during the period. SVB Wealth LLC purchased a new position in shares of News in the 1st quarter worth about $73,000. Horizon Investments LLC boosted its holdings in shares of News by 7.7% in the 1st quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock worth $152,000 after purchasing an additional 398 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of News by 17.2% in the 2nd quarter. V Square Quantitative Management LLC now owns 6,207 shares of the company’s stock worth $184,000 after purchasing an additional 912 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of News by 10.4% in the 1st quarter. Mather Group LLC. now owns 6,465 shares of the company’s stock worth $176,000 after purchasing an additional 610 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NWSA. Macquarie reiterated a “neutral” rating and issued a $32.70 price objective on shares of News in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on News from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $38.62.

News Trading Up 1.6%

Shares of NWSA stock opened at $26.44 on Tuesday. The stock has a market capitalization of $14.94 billion, a PE ratio of 12.71 and a beta of 1.17. News Corporation has a 1-year low of $23.38 and a 1-year high of $31.61. The business has a 50-day moving average of $29.03 and a 200 day moving average of $28.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72.

News (NASDAQ:NWSA) last issued its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%.News’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. As a group, sell-side analysts anticipate that News Corporation will post 0.94 earnings per share for the current year.

News Dividend Announcement

The firm also recently declared a half year 25 dividend, which was paid on Wednesday, October 8th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a yield of 70.0%. News’s dividend payout ratio is presently 9.62%.

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.