News Corp (NWSA) Is Now En Route to Higher Prices

News Corp (NASDAQ: NWSA) is 6.07% higher on its value in year-to-date trading and has touched a low of $15.57 and a high of $28.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NWSA stock was last observed hovering at around $25.84 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $26.04, the stock is 6.53% and 9.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.48 million and changing 0.77% at the moment leaves the stock 24.93% off its SMA200. NWSA registered 24.71% gain for a year compared to 6-month gain of 28.21%. The firm has a 50-day simple moving average (SMA 50) of $1.76 and a 200-day simple moving average (SMA200) of $14.03.

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The stock witnessed a 7.65% loss in the last 1 month and extending the period to 3 months gives it a 21.63%, and is 5.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 2.27% over the month.

News Corp (NWSA) has around Mar 12 2024 employees, a market worth around $14.78B and $9.96B in sales. Current P/E ratio is 65.63 and Fwd P/E is 29.40. Profit margin for the company is 2.29%. Distance from 52-week low is 67.19% and -7.00% from its 52-week high. The company has generated returns on investments over the last 12 months (1.86%).

News Corp quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $2.47B over the same period.The EPS is expected to grow by 40.91% this year, but quarterly earnings will post 2.00% year-over-year.

News Corp (NWSA) Top Institutional Holders

642 institutions hold shares in News Corp (NWSA), with institutional investors hold 102.04% of the company’s shares. The shares outstanding are 379.95M, and float is at 376.04M with Short Float at 2.31%. Institutions hold 101.96% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 70.7 million shares valued at $1.38 billion. The investor’s holdings represent 18.54% of the NWSA Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 53.67 million shares valued at $1.05 billion to account for 14.07% of the shares outstanding. The other top investors are Independent Franchise Partners, LLP which holds 31.49 million shares representing 8.26% and valued at over $614.12 million, while Blackrock Inc. holds 6.76% of the shares totaling 25.78 million with a market value of $502.78 million.

News Corp (NWSA) Insider Activity

A total of 88 insider transactions have happened at News Corp (NWSA) in the last six months, with sales accounting for 50 and purchases happening 38 times. The most recent transaction is an insider sale by PANUCCIO SUSAN ,the company’sChief Financial Officer. SEC filings show that PANUCCIO SUSAN sold 10,758 shares of the company’s common stock on Aug 16 at a price of $21.38 per share for a total of $0.23 million. Following the sale, the insider now owns 0.15 million shares.

News Corp disclosed in a document filed with the SEC on Aug 15 that PANUCCIO SUSAN (Chief Financial Officer) sold a total of 184,212 shares of the company’s common stock. The trade occurred on Aug 15 and was made at $20.97 per share for $3.86 million. Following the transaction, the insider now directly holds 0.17 million shares of the NWSA stock.

Still, SEC filings show that on Aug 15, Pitofsky David B (General Counsel) disposed off 58,000 shares at an average price of $20.98 for $1.22 million. The insider now directly holds 83,291 shares of News Corp (NWSA).

News Corp (NWSA): Who are the competitors?

The company’s main competitors (and peers) include Alphabet Inc. Cl C (GOOG) that is trading 58.13% up over the past 12 months. Alphabet Inc. Cl A (GOOGL) that is 57.49% higher over the same period.