News Corporation $NWSA Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in News Corporation (NASDAQ:NWSA) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 823,989 shares of the company’s stock after purchasing an additional 102,259 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in News were worth $21,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of News by 5.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,529 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,562 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of News in the 4th quarter valued at about $152,000. Composition Wealth LLC lifted its stake in shares of News by 8.8% in the 4th quarter. Composition Wealth LLC now owns 13,956 shares of the company’s stock valued at $365,000 after purchasing an additional 1,132 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of News in the 4th quarter valued at about $6,380,000. Finally, Horizon Investments LLC lifted its stake in shares of News by 14.9% in the 4th quarter. Horizon Investments LLC now owns 25,733 shares of the company’s stock valued at $672,000 after purchasing an additional 3,331 shares in the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

Shares of NASDAQ:NWSA opened at $27.02 on Friday. The company has a market cap of $15.01 billion, a P/E ratio of 13.44 and a beta of 0.89. 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 Corporation has a one year low of $22.20 and a one year high of $31.61. The business’s 50-day simple moving average is $24.86 and its 200 day simple moving average is $25.39.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a return on equity of 6.10% and a net margin of 12.92%.The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. On average, sell-side analysts forecast that News Corporation will post 0.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NWSA has been the topic of several research analyst reports. Weiss Ratings raised News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Zacks Research upgraded News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Wall Street Zen downgraded News from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup dropped their target price on News from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Finally, Morgan Stanley set a $32.40 target price on News in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, News has an average rating of “Moderate Buy” and a consensus price target of $37.02.

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.