Swiss National Bank Has $27.40 Million Holdings in News Corporation $NWSA

Swiss National Bank raised its holdings in News Corporation (NASDAQ:NWSA) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,099,075 shares of the company’s stock after acquiring an additional 71,800 shares during the period. Swiss National Bank’s holdings in News were worth $27,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of News in the 4th quarter valued at approximately $188,788,000. AQR Capital Management LLC increased its position in News by 488.0% during the 2nd quarter. AQR Capital Management LLC now owns 8,124,507 shares of the company’s stock worth $241,054,000 after purchasing an additional 6,742,836 shares in the last quarter. Bank of Montreal Can lifted its stake in News by 2,348.9% in the 4th quarter. Bank of Montreal Can now owns 5,664,644 shares of the company’s stock valued at $147,961,000 after purchasing an additional 5,433,332 shares during the last quarter. State Street Corp boosted its position in News by 16.5% in the third quarter. State Street Corp now owns 31,356,593 shares of the company’s stock valued at $965,673,000 after buying an additional 4,448,929 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of News by 46.6% during the third quarter. Invesco Ltd. now owns 7,706,339 shares of the company’s stock worth $236,662,000 after buying an additional 2,449,552 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

News Stock Performance

Shares of NWSA opened at $26.33 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $26.44 and its two-hundred day simple moving average is $25.56. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.61. The stock has a market capitalization of $14.41 billion, a P/E ratio of 13.10 and a beta of 0.89.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. As a group, analysts predict that News Corporation will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NWSA shares. Weiss Ratings upgraded shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating and set a $34.00 price objective on shares of News in a research report on Sunday, May 10th. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citigroup reduced their price target on News from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, News has a consensus rating of “Buy” and a consensus price target of $37.14.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.