Wealth Enhancement Advisory Services LLC Has $2.50 Million Position in News Corp (NWSA)

Wealth Enhancement Advisory Services LLC trimmed its position in News Corp (NASDAQ:NWSA) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,995 shares of the company’s stock after selling 52,450 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in News were worth $2,504,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NWSA. LMR Partners LLP acquired a new stake in News during the 3rd quarter worth approximately $134,000. Vident Investment Advisory LLC acquired a new stake in News during the 3rd quarter worth approximately $140,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in News during the 3rd quarter worth approximately $149,000. Balyasny Asset Management LLC acquired a new stake in News during the 2nd quarter worth approximately $155,000. Finally, Cubist Systematic Strategies LLC grew its position in News by 322.5% in the second quarter. Cubist Systematic Strategies LLC now owns 11,829 shares of the company’s stock valued at $162,000 after acquiring an additional 9,029 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

Several analysts have issued reports on NWSA shares. TheStreet raised shares of News from a “c+” rating to a “b-” rating in a research report on Tuesday, December 5th. Zacks Investment Research downgraded shares of News from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of News in a research report on Friday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.00.

Shares of News Corp (NASDAQ NWSA) traded up $0.12 on Friday, reaching $15.77. The company had a trading volume of 3,830,000 shares, compared to its average volume of 2,235,555. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $9,187.93, a PE ratio of -20.48, a PEG ratio of 3.31 and a beta of 2.01. News Corp has a 52-week low of $12.18 and a 52-week high of $17.29.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. News had a positive return on equity of 2.52% and a negative net margin of 5.41%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. sell-side analysts predict that News Corp will post 0.48 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 13th. News’s dividend payout ratio (DPR) is -25.97%.

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News Profile

News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

Institutional Ownership by Quarter for News (NASDAQ:NWSA)

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