74,441 Shares in News Corporation $NWSA Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new stake in News Corporation (NASDAQ:NWSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 74,441 shares of the company’s stock, valued at approximately $1,944,000.

A number of other large investors have also recently bought and sold shares of NWSA. CYBER HORNET ETFs LLC bought a new position in shares of News during the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of News in the third quarter worth $31,000. Root Financial Partners LLC acquired a new position in News during the third quarter worth $35,000. Advisory Services Network LLC bought a new position in News in the third quarter valued at $35,000. Finally, Brown Brothers Harriman & Co. increased its stake in News by 154.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock valued at $39,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NWSA. Wall Street Zen upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Citigroup lowered their target price on News from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Weiss Ratings cut News from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. Morgan Stanley set a $32.40 price target on News in a research note on Friday, February 6th. Finally, Zacks Research raised News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.02.

News Stock Performance

Shares of NWSA opened at $24.89 on Thursday. The company has a market cap of $13.82 billion, a PE ratio of 12.26 and a beta of 0.91. The firm has a 50-day moving average of $24.11 and a 200-day moving average of $25.73. News Corporation has a one year low of $22.20 and a one year high of $31.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69.

News (NASDAQ:NWSA) last issued its earnings results on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business posted $0.33 EPS. News’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that News Corporation will post 0.94 earnings per share for the current year.

News Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 11th were given a $0.10 dividend. This represents a dividend yield of 83.0%. The ex-dividend date of this dividend was Wednesday, March 11th. News’s dividend payout ratio (DPR) is presently 9.85%.

News Company Profile

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.