News Corporation (NASDAQ:NWSA) shares traded -1.56% lower at $20.78 on Wall Street last session.
In accordance with the data, 9 analysts cover News Corporation (NASDAQ:NWSA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $20.62, we find $25.00. Given the previous closing price of $21.11, this indicates a potential upside of 18.43 percent. NWSA stock price is now 5.29% away from the 50-day moving average and 12.83% away from the 200-day moving average. The market capitalization of the company currently stands at $11.47B.
It has been rated a hold by 2 analysts and a buy by 6. Brokers who have rated the stock have averaged $25.45 as their price target over the next twelve months.
In other news, PANUCCIO SUSAN, Chief Financial Officer sold 10,758 shares of the company’s stock on Aug 16. The stock was sold for $230,006 at an average price of $21.38. Upon completion of the transaction, the Chief Financial Officer now directly owns 154,287 shares in the company, valued at $3.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15, Chief Financial Officer PANUCCIO SUSAN sold 184,212 shares of the business’s stock. A total of $3,863,662 was realized by selling the stock at an average price of $20.97. This leaves the insider owning 165,045 shares of the company worth $3.43 million. Insiders disposed of 135,622 shares of company stock worth roughly $2.82 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NWSA stock. A new stake in News Corporation shares was purchased by HBK INVESTMENTS L P during the first quarter worth $12,343,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $4,134,000 in shares of NWSA during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in News Corporation valued at approximately $2,527,000. TREXQUANT INVESTMENT LP acquired a new stake in NWSA for approximately $2,281,000. HOLOCENE ADVISORS, LP purchased a new stake in NWSA valued at around $1,940,000 in the second quarter. In total, there are 626 active investors with 99.10% ownership of the company’s stock.
News Corporation (NASDAQ: NWSA) opened at $21.15 on Thursday. During the past 12 months, News Corporation has had a low of $14.87 and a high of $21.69. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.30, and a quick ratio of 1.10. The fifty day moving average price for NWSA is $19.77 and a two-hundred day moving average price translates $18.44 for the stock.
The latest earnings results from News Corporation (NASDAQ: NWSA) was released for Jun, 2023. The net profit margin was 3.00% and return on equity was 3.70% for NWSA. The company reported revenue of $2.43 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.01 percent.
Moreover, the firm recently paid out its quarterly dividend on 10/11/2023. Investors who held shares on 09/13/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.20 dividend and a 0.96% percent yield. There was an ex-dividend date of 09/12/2023 for this dividend. In terms of dividend payout ratio, NWSA is presently at 39.00%.
News Corporation(NWSA) Company Profile
News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The company distributes content and data products, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, and OPIS through various media channels, such as newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. It also owns and operates daily, Sunday, weekly, and bi-weekly newspapers comprising The Australian, The Weekend Australian, The Daily Telegraph, The Sunday Telegraph, Herald Sun, Sunday Herald Sun, The Courier Mail, The Sunday Mail, The Advertiser, Sunday Mail, The Sun, The Sun on Sunday, The Times, The Sunday Times, and New York Post, as well as digital mastheads and other websites. In addition, the company publishes general fiction, nonfiction, children’s, and religious books; provides sports, entertainment, and news services to pay-TV and streaming subscribers, and other commercial licensees through cable, satellite, and internet distribution; and broadcasts rights to live sporting events. Further, it offers property and property-related advertising and services on its websites and mobile applications; online real estate services; and financial services. The company was founded in 2012 and is headquartered in New York, New York.
