BidaskClub lowered shares of News (NASDAQ:NWS) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
Shares of NWS stock opened at $12.78 on Tuesday. News has a 1-year low of $10.85 and a 1-year high of $17.10. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7.48 billion, a P/E ratio of 26.65 and a beta of 1.43.
News (NASDAQ:NWS) last announced its earnings results on Thursday, February 7th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. News had a positive return on equity of 2.70% and a negative net margin of 13.11%. The firm had revenue of $2.63 billion for the quarter.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, April 17th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, March 12th. This represents a yield of 1.58%.
A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in News by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,628,593 shares of the company’s stock valued at $18,787,000 after purchasing an additional 109,255 shares during the last quarter. Norges Bank purchased a new stake in News during the 4th quarter valued at about $13,663,000. Dimensional Fund Advisors LP grew its stake in News by 39.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,032,455 shares of the company’s stock valued at $23,474,000 after purchasing an additional 574,125 shares during the last quarter. FMR LLC grew its stake in News by 753.7% during the 4th quarter. FMR LLC now owns 15,895 shares of the company’s stock valued at $184,000 after purchasing an additional 14,033 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in News by 5.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 35,036 shares of the company’s stock valued at $405,000 after purchasing an additional 1,774 shares during the last quarter. Institutional investors and hedge funds own 9.40% of the company’s stock.
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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