Fintel reports that on January 10, 2025, Citigroup initiated coverage of News (NasdaqGS:NWSA) with a Buy recommendation.
Analyst Price Forecast Suggests 34.75% Upside
As of December 23, 2024, the average one-year price target for News is $37.02/share. The forecasts range from a low of $28.31 to a high of $46.20. The average price target represents an increase of 34.75% from its latest reported closing price of $27.47 / share.
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The projected annual revenue for News is 11,069MM, an increase of 8.91%. The projected annual non-GAAP EPS is 1.07.
What is the Fund Sentiment?
There are 1,033 funds or institutions reporting positions in News. This is an increase of 31 owner(s) or 3.09% in the last quarter. Average portfolio weight of all funds dedicated to NWSA is 0.17%, an increase of 21.95%. Total shares owned by institutions increased in the last three months by 0.24% to 425,171K shares. 
The put/call ratio of NWSA is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 40,692K shares representing 10.75% ownership of the company. In its prior filing, the firm reported owning 61,739K shares , representing a decrease of 51.72%. The firm decreased its portfolio allocation in NWSA by 38.75% over the last quarter.
Independent Franchise Partners LLP holds 23,805K shares representing 6.29% ownership of the company. In its prior filing, the firm reported owning 24,307K shares , representing a decrease of 2.11%. The firm decreased its portfolio allocation in NWSA by 9.38% over the last quarter.
Barclays holds 14,714K shares representing 3.89% ownership of the company. In its prior filing, the firm reported owning 6,569K shares , representing an increase of 55.36%. The firm increased its portfolio allocation in NWSA by 87.82% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,108K shares representing 3.73% ownership of the company. In its prior filing, the firm reported owning 14,068K shares , representing an increase of 0.29%. The firm decreased its portfolio allocation in NWSA by 9.02% over the last quarter.
Yacktman Asset Management holds 12,150K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 14,518K shares , representing a decrease of 19.48%. The firm decreased its portfolio allocation in NWSA by 11.64% over the last quarter.
News Background Information
(This description is provided by the company.)
News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
