News Co. (NASDAQ:NWSA) Receives $29.50 Consensus Target Price from Analysts

Shares of News Co. (NASDAQ:NWSA) have received a consensus rating of “Buy” from the four brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is $29.50.

Several equities research analysts have recently weighed in on the company. TheStreet upgraded News from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Macquarie upgraded shares of News from a “neutral” rating to an “outperform” rating in a report on Thursday, February 8th. Finally, StockNews.com raised shares of News from a “hold” rating to a “buy” rating in a research report on Friday, January 19th.

Institutional Investors Weigh In On News

Institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC acquired a new stake in shares of News during the third quarter worth $3,045,000. Ronald Blue Trust Inc. grew its stake in News by 104.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,608 shares of the company’s stock valued at $31,000 after purchasing an additional 823 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of News in the third quarter worth about $639,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of News during the third quarter worth about $285,000. Finally, DnB Asset Management AS boosted its position in News by 19.2% in the third quarter. DnB Asset Management AS now owns 131,009 shares of the company’s stock valued at $2,628,000 after buying an additional 21,139 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

News Trading Down 1.4 %

Shares of NWSA opened at $24.21 on Tuesday. News has a fifty-two week low of $16.35 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.44. The company’s fifty day moving average is $25.71 and its 200 day moving average is $23.86. The stock has a market capitalization of $13.83 billion, a PE ratio of 60.25 and a beta of 1.33.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.56 billion. News had a return on equity of 4.14% and a net margin of 2.29%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Sell-side analysts expect that News will post 0.71 earnings per share for the current fiscal year.

News Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 12th. This represents a dividend yield of 0.8%. News’s dividend payout ratio is presently 50.00%.

About News

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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.