Clarius Group LLC Makes New $202,000 Investment in News Corporation $NWSA

Clarius Group LLC bought a new position in shares of News Corporation (NASDAQ:NWSA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,783 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position 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 worth $43,000 after purchasing an additional 1,571 shares during the period. SVB Wealth LLC bought a new position in News during the first quarter worth about $73,000. CX Institutional bought a new position in News during the first quarter worth about $76,000. Horizon Investments LLC boosted its position in News by 7.7% during the first quarter. Horizon Investments LLC now owns 5,575 shares of the company’s stock worth $152,000 after purchasing an additional 398 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in News by 17.2% during the second 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 during the period. Institutional investors own 66.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWSA. Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Saturday, September 27th. Macquarie restated a “neutral” rating and issued a $32.70 price objective on shares of News in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of News from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $38.62.

News Trading Down 2.4%

NWSA stock opened at $27.38 on Wednesday. The company has a market capitalization of $15.47 billion, a PE ratio of 13.16 and a beta of 1.17. News Corporation has a one year low of $23.38 and a one year high of $31.61. The company’s 50 day moving average price is $29.52 and its two-hundred day moving average price is $28.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84.

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

News Dividend Announcement

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