News Corporation (NASDAQ:NWS): -14.25% Off High, Can It Comeback? – Marketing Sentinel
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News Corporation (NASDAQ:NWS): -14.25% Off High, Can It Comeback?

In last trading session, News Corporation (NASDAQ:NWS) saw 0.43 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $22.94 trading at -$0.25 or -1.08% at ring of the bell on the day assigns it a market valuation of $13.50B. That closing price of NWS’s stock is at a discount of -14.25% from its 52-week high price of $26.21 and is indicating a premium of 21.62% from its 52-week low price of $17.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 724.02K if we extend that period to 3-months.

For News Corporation (NWS), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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News Corporation (NASDAQ:NWS) trade information

Upright in the red during last session for losing -1.08%, in the last five days NWS remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $22.94 price level, adding 1.8% to its value on the day. News Corporation’s shares saw a change of 1.96% in year-to-date performance and have moved 1.10% in past 5-day. News Corporation (NASDAQ:NWS) showed a performance of 6.90% in past 30-days. Number of shares sold short was 1.93 million shares which calculate 2.14 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $10.00 to the stock, which implies a fall of -129.4% to its current value. Analysts have been projecting $10.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would jump 56.41% in reaching the projected high whereas dropping to the targeted low would mean a gain of 56.41% for stock’s current value.

NWS Dividends

News Corporation is more likely to be releasing its next quarterly report in February and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.87%, the share has a forward dividend of 0.20 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.34%.

News Corporation (NASDAQ:NWS)’s Major holders

Insiders are in possession of 38.91% of company’s total shares while institution are holding 37.23 percent of that, with stock having share float percentage of 60.95%. Investors also watch the number of corporate investors in a company very closely, which is 37.23% institutions for News Corporation that are currently holding shares of the company. Independent Franchise Partners, LLP is the top institutional holder at NWS for having 13.63 million shares of worth $316.57 million. And as of Sep 29, 2021, it was holding 6.83% of the company’s outstanding shares.

The second largest institutional holder is SOF Ltd, which was holding about 9.78 million shares on Jun 29, 2021. The number of shares represents firm’s hold over 4.90% of outstanding shares, having a total worth of $238.19 million.

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On the other hand, Advisers Investment Tr-Independent Franchise Partners US Equity Fd and SPDR S&P 500 ETF Trust are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.6 million shares of worth $37.13 million or 0.80% of the total outstanding shares. The later fund manager was in possession of 1.31 million shares on Sep 29, 2021, making its stake of worth around $30.36 million in the company or a holder of 0.65% of company’s stock.

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