Healthy Upside Potential: News Corporation (NWS)

News Corporation (NASDAQ: NWS) stock fell -0.05% on Thursday to $18.32 against a previous-day closing price of $18.33. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.84 million shares. During the session, the Entertainment company that operates in wider Communication Services sector, reached to the highest price of $18.53 whereas the lowest price it dropped to was $18.23. The 52-week range on NWS shows that it touched its highest point at $21.86 and its lowest point at $15.15 during that stretch. It currently has a 1-year price target of $23.98. With its current market cap of 10.46 billion, NWS has annualized dividend of $0.20 while the current yield stands at 1.09%.

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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 down-trending over the past week, with a drop of -2.86%, but this was up by 8.92% over a month. Three-month performance surged to 4.03% while six-month performance rose 1.05%. The stock gained 8.60% in the past year, while it has lost -0.65% so far this year.

Float and Shares Shorts:

At present, 192.52 million NWS shares are outstanding with a float of 114.84 million shares on hand for trading. On May 14, 2023, short shares totaled 2.34 million, which was 0.41% higher than short shares on Apr 13, 2023. 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 39.82% of NWS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 40.74% of NWS, in contrast to 19.78% held by mutual funds. Shares owned by individuals account for 16.31%. As the largest shareholder in NWS with 6.54% of the stake, Independent Franchise Partners LL holds 12,637,239 shares worth 12,637,239. A second-largest stockholder of NWS, BlackRock Fund Advisors, holds 5,403,948 shares, controlling over 2.80% of the firm’s shares. Irenic Capital Management LP is the third largest shareholder in NWS, holding 5,191,005 shares or 2.69% stake. With a 0.77% stake in NWS, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,490,870 shares are owned by the mutual fund manager. The SPDR Series – Communication Servi, which owns about 0.75% of NWS stock, is the second-largest Mutual Fund holder. It holds 1,451,725 shares valued at 25.77 million. Advisers Invst. Trust-Independent holds 0.74% of the stake in NWS, owning 1,438,519 shares worth 25.53 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 Mar 30, 2023, NWS reported revenue of $2.67B and operating income of $132.00M. The EBITDA in the recently reported quarter was $221.00M 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 0 analysts follow the stock currently. 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 -45.41% to reach the target high and fall by -45.41% to reach the target low. Reaching the average price target will result in a decline of -45.41% 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.

Dividends & Yield:

In terms of dividends, NWS has a current ratio of $0.2, which is $0.2 over the trailing 12-months, while a dividend of $0.20 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NWS currently yields $1.09. In the past year, NWS’s dividend yield has been $1.09, but when looking at the stock over the past five years, its yield has been $1.27. Accordingly, NWS has a current buyback yield of $2.39. This was $2.39 for the TTM.

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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