News (NASDAQ:NWS) Sets New 12-Month Low – What’s Next?

News Corporation (NASDAQ:NWSGet Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.82 and last traded at $26.3510, with a volume of 182494 shares changing hands. The stock had previously closed at $27.39.

Key News News

Here are the key news stories impacting News this week:

Analysts Set New Price Targets

A number of brokerages recently weighed in on NWS. Zacks Research raised shares of News to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Analysis on NWS

News Stock Down 6.6%

The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $14.37 billion, a PE ratio of 12.38 and a beta of 0.97. The business has a 50-day moving average price of $29.89 and a 200-day moving average price of $31.25.

News (NASDAQ:NWSGet Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.15. News had a return on equity of 5.68% and a net margin of 13.80%.The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities research analysts forecast that News Corporation will post 1.03 earnings per share for the current fiscal year.

News Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 11th will be given a dividend of $0.10 per share. This represents a yield of 73.0%. The ex-dividend date is Wednesday, March 11th. News’s dividend payout ratio (DPR) is presently 9.66%.

Institutional Trading of News

Hedge funds have recently made changes to their positions in the company. NorthRock Partners LLC acquired a new position in News in the second quarter valued at approximately $27,000. NewEdge Advisors LLC purchased a new stake in News in the second quarter valued at $30,000. Smartleaf Asset Management LLC lifted its stake in shares of News by 97.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,178 shares of the company’s stock valued at $41,000 after purchasing an additional 580 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of News by 69.0% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock worth $49,000 after purchasing an additional 665 shares during the period. Finally, Assetmark Inc. increased its position in shares of News by 572.8% during the 2nd quarter. Assetmark Inc. now owns 1,803 shares of the company’s stock worth $62,000 after purchasing an additional 1,535 shares during the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

About News

(Get Free Report)

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.

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