Savant Capital LLC Sells 92,475 Shares of News Corporation $NWSA

Savant Capital LLC trimmed its holdings in News Corporation (NASDAQ:NWSA) by 85.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,013 shares of the company’s stock after selling 92,475 shares during the period. Savant Capital LLC’s holdings in News were worth $418,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NWSA. Caitong International Asset Management Co. Ltd bought a new position in News in the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC bought a new stake in shares of News during the second quarter worth $30,000. Advisory Services Network LLC purchased a new stake in shares of News during the third quarter valued at $35,000. Brown Brothers Harriman & Co. grew its holdings in shares of News by 154.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after purchasing an additional 780 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in News by 561.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,732 shares of the company’s stock worth $45,000 after buying an additional 1,470 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Trading Up 3.0%

Shares of NASDAQ NWSA opened at $26.84 on Friday. News Corporation has a 1-year low of $22.20 and a 1-year high of $31.61. The business has a fifty day moving average price of $25.77 and a 200 day moving average price of $25.40. The stock has a market capitalization of $14.69 billion, a P/E ratio of 13.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities research analysts expect that News Corporation will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NWSA shares. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 target price on shares of News in a research report on Sunday, May 10th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Citigroup dropped their price objective on News from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Weiss Ratings upgraded News from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Four 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.14.

About News

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.