Inceptionr LLC Makes New Investment in News Corporation $NWSA

Inceptionr LLC purchased a new position in shares of News Corporation (NASDAQ:NWSA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 49,155 shares of the company’s stock, valued at approximately $1,510,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWSA. Resona Asset Management Co. Ltd. grew its position in shares of News by 3.6% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 121,653 shares of the company’s stock valued at $3,610,000 after buying an additional 4,244 shares during the last quarter. Permanent Capital Management LP bought a new stake in News during the third quarter valued at $812,000. JPMorgan Chase & Co. lifted its stake in shares of News by 22.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,770,946 shares of the company’s stock valued at $54,389,000 after purchasing an additional 330,513 shares during the period. XTX Topco Ltd lifted its stake in News by 197.2% in the second quarter. XTX Topco Ltd now owns 83,176 shares of the company’s stock valued at $2,472,000 after buying an additional 55,185 shares during the period. Finally, Barclays PLC lifted its position in shares of News by 39.5% during the 3rd quarter. Barclays PLC now owns 14,875,615 shares of the company’s stock valued at $456,830,000 after acquiring an additional 4,214,562 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NWSA shares. Zacks Research raised News from a “strong sell” rating to a “hold” rating in a research report on Thursday. Morgan Stanley set a $32.40 price target on shares of News in a research report on Friday, February 6th. Guggenheim dropped their price target on News from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Citigroup lowered their price objective on shares of News from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.02.

News Stock Up 1.4%

NWSA stock opened at $24.62 on Monday. The stock has a fifty day moving average of $25.10 and a 200-day moving average of $26.57. News Corporation has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 12.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.30 billion. News had a return on equity of 5.94% and a net margin of 13.35%.The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities research analysts predict that News Corporation will post 0.94 earnings per share for the current year.

News Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a dividend yield of 83.0%. News’s payout ratio is 9.85%.

News 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.