17,134 News Corporation $NWSA Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC boosted its holdings in News Corporation (NASDAQ:NWSA) by 93.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,482 shares of the company’s stock after purchasing an additional 17,134 shares during the quarter. Krilogy Financial LLC’s holdings in News were worth $1,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Metropolis Capital Ltd increased its stake in News by 26.4% during the 1st quarter. Metropolis Capital Ltd now owns 8,835,157 shares of the company’s stock worth $220,260,000 after buying an additional 1,843,900 shares during the period. Dimensional Fund Advisors LP boosted its position in News by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,245,597 shares of the company’s stock valued at $105,842,000 after buying an additional 94,368 shares during the last quarter. Bank of America Corp DE grew its stake in shares of News by 80.9% during the first quarter. Bank of America Corp DE now owns 4,069,041 shares of the company’s stock valued at $101,441,000 after acquiring an additional 1,819,652 shares in the last quarter. Sei Investments Co. grew its stake in shares of News by 120.6% during the first quarter. Sei Investments Co. now owns 2,326,616 shares of the company’s stock valued at $58,002,000 after acquiring an additional 1,272,083 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of News by 174.3% during the first quarter. Quantinno Capital Management LP now owns 1,911,329 shares of the company’s stock valued at $47,649,000 after acquiring an additional 1,214,648 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWSA has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 target price on shares of News in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on News from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Weiss Ratings raised News from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Zacks Research lowered News from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded News from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, News has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

News Stock Down 0.6%

NASDAQ NWSA traded down $0.19 during trading hours on Friday, reaching $30.03. 3,070,158 shares of the company traded hands, compared to its average volume of 4,456,817. News Corporation has a 12 month low of $22.20 and a 12 month high of $31.66. The company has a current ratio of 1.62, a quick ratio of 1.51 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $16.25 billion, a PE ratio of 29.16 and a beta of 0.97. The company has a 50 day moving average of $29.60 and a two-hundred day moving average of $27.51.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.14. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.25 billion. News had a net margin of 6.35% and a return on equity of 7.09%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. As a group, equities analysts expect that News Corporation will post 1.31 earnings per share for the current year.

News Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a dividend yield of 68.0%. News’s dividend payout ratio (DPR) is presently 19.42%.

About News

News Corp (NASDAQ: NWSA) is a global media and information-services company that creates and distributes news, business information, books, digital content and real estate services. Its operations serve consumers, professionals, institutions and businesses across the United States, the United Kingdom, Australia and other international markets.

The company’s Dow Jones division provides business and financial news, data and information through publications and platforms including The Wall Street Journal, Barron’s, MarketWatch, Factiva and Dow Jones Newswires.