Top investors say News Corporation (NWS) ticks everything they need

News Corporation (NASDAQ: NWS) stock fell -0.10% on Tuesday to $19.91 against a previous-day closing price of $19.93. With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. During the session, the Broadcasting company that operates in wider Communication Services sector, reached to the highest price of $19.93 whereas the lowest price it dropped to was $19.65. The 52-week range on NWS shows that it touched its highest point at $24.16 and its lowest point at $15.15 during that stretch. It currently has a 1-year price target of $23.14. With its current market cap of 11.31 billion, NWS has annualized dividend of $0.20 while the current yield stands at 1.00%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NWS was up-trending over the past week, with a rise of 1.48%, but this was up by 10.80% over a month. Three-month performance surged to 14.82% while six-month performance rose 16.30%. The stock lost -8.08% in the past year, while it has gained 7.97% so far this year.

Float and Shares Shorts:

At present, 193.28 million NWS shares are outstanding with a float of 115.60 million shares on hand for trading. On Dec 29, 2022, short shares totaled 2.1 million, which was 0.36% higher than short shares on Nov 29, 2022. In addition to Mr. Keith Rupert Murdoch AC as the firm’s Exec. Chairman, Mr. Robert J. Thomson serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 35.00% of NWS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 40.73% of NWS, in contrast to 15.70% held by mutual funds. Shares owned by individuals account for 14.39%. As the largest shareholder in NWS with 6.66% of the stake, Independent Franchise Partners LL holds 12,869,543 shares worth 12,869,543. A second-largest stockholder of NWS, BlackRock Fund Advisors, holds 5,366,852 shares, controlling over 2.78% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NWS, holding 4,902,662 shares or 2.54% stake. With a 0.77% stake in NWS, the Advisers Invst. Trust-Independent is the largest stakeholder. A total of 1,481,302 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.74% of NWS stock, is the second-largest Mutual Fund holder. It holds 1,435,652 shares valued at 26.47 million. SPDR S&P 500 ETF Trust holds 0.70% of the stake in NWS, owning 1,348,714 shares worth 24.87 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, NWS reported revenue of $2.67B and operating income of $132.00M. The EBITDA in the recently reported quarter was $275.00M and diluted EPS was $0.19.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NWS since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NWS analysts setting a high price target of $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, NWS could drop -49.77% to reach the target high and fall by -49.77% to reach the target low. Reaching the average price target will result in a decline of -49.77% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NWS will report FY 2023 earnings on 08/03/2023. Analysts have provided yearly estimates in a range of $0.84 being high and $0.48 being low. For NWS, this leads to a yearly average estimate of $0.67. The surprise factor in the prior quarter was $0.29. Based on analyst estimates, the high estimate for the next quarter is $0.31 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.24.

Summary of Insider Activity:

Insiders traded NWS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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