Perpetual Ltd Makes New Investment in News Corporation $NWS

Perpetual Ltd acquired a new stake in News Corporation (NASDAQ:NWS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 563,116 shares of the company’s stock, valued at approximately $19,456,000. Perpetual Ltd owned about 0.10% of News as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NWS. SVB Wealth LLC acquired a new stake in News during the 1st quarter valued at $27,000. NorthRock Partners LLC acquired a new position in News in the 2nd quarter valued at about $27,000. NewEdge Advisors LLC bought a new position in News in the 2nd quarter valued at about $30,000. Assetmark Inc. lifted its position in News by 572.8% during the second quarter. Assetmark Inc. now owns 1,803 shares of the company’s stock worth $62,000 after acquiring an additional 1,535 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its holdings in shares of News by 24.9% during the second quarter. Mufg Securities Americas Inc. now owns 2,470 shares of the company’s stock worth $85,000 after acquiring an additional 493 shares during the period. 14.63% of the stock is owned by institutional investors and hedge funds.

News Trading Up 0.1%

Shares of NASDAQ:NWS opened at $29.79 on Friday. The business’s 50 day simple moving average is $29.58 and its 200 day simple moving average is $32.00. News Corporation has a 1 year low of $26.25 and a 1 year high of $35.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The company has a market capitalization of $16.73 billion, a P/E ratio of 14.39 and a beta of 0.94.

News (NASDAQ:NWS) last released its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. News had a return on equity of 5.68% and a net margin of 13.80%.The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.11 billion. On average, research analysts anticipate that News Corporation will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NWS has been the topic of a number of recent research reports. Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, News presently has an average rating of “Buy”.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.