News Corporation $NWSA Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its holdings in shares of News Corporation (NASDAQ:NWSA) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,722,782 shares of the company’s stock after selling 33,906 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.31% of News worth $44,999,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NWSA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in News by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after acquiring an additional 1,950 shares in the last quarter. United Services Automobile Association purchased a new position in News in the 1st quarter worth approximately $206,000. Empowered Funds LLC acquired a new position in shares of News during the 1st quarter worth approximately $204,000. Focus Partners Wealth grew its position in shares of News by 44.4% in the first quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after purchasing an additional 5,106 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of News in the second quarter valued at approximately $545,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Price Performance

News stock opened at $26.10 on Monday. The company’s 50 day simple moving average is $25.57 and its 200-day simple moving average is $25.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 1.70. News Corporation has a 1 year low of $22.20 and a 1 year high of $31.61. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 12.99 and a beta of 0.88.

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

Wall Street Analyst Weigh In

NWSA has been the topic of a number of recent research reports. Citigroup lowered 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. Wall Street Zen raised shares of News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 target price on shares of News in a research note on Sunday, May 10th. Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Four 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.