NWSA - News Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.05 (+0.38%)
At close: 4:00PM EDT

13.36 0.00 (0.00%)
After hours: 4:58PM EDT

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Previous Close13.31
Bid13.14 x 800
Ask13.82 x 1000
Day's Range13.22 - 13.37
52 Week Range10.65 - 15.66
Avg. Volume3,090,020
Market Cap7.902B
Beta (3Y Monthly)1.19
PE Ratio (TTM)N/A
EPS (TTM)-0.29
Earnings DateAug 7, 2019 - Aug 12, 2019
Forward Dividend & Yield0.20 (1.51%)
Ex-Dividend Date2019-03-12
1y Target Est14.04
Trade prices are not sourced from all markets
  • 10 Stocks to Buy for Less Than Book
    InvestorPlace5 days ago

    10 Stocks to Buy for Less Than Book

    The S&P 500 is up 20% year to date through July 11. It's a big reason why Morgan Stanley downgraded global stocks from equal weight to underweight. The stocks to buy are few and far between.In fact, Morgan Stanley's chief investment officer Mike Wilson believes the S&P 500 will gain 1% over the next 12 months in the best-case scenario and lose 7.6% in the worst. Therefore, the idea of finding stocks to buy for less than book seems like an absolute impossibility given the state of the markets. InvestorPlace - Stock Market News, Stock Advice & Trading TipsNonetheless, I did a screen to find value stocks based on book value. I was able to find 160 stocks with a market cap of $2 billion or more that were trading for less than book value. Of those, 31 belonged to the S&P 500. * 10 Stocks to Sell for an Economic Slowdown To make things interesting, I'm going to recommend 10 stocks to buy for less than book value; five from the S&P 500 and five outside the index. May the best value stocks win. Stocks to Buy: Molson Coors (TAP)Molson Coors (NYSE:TAP), the maker of beers such as Coors Light, Miller High Life and Molson Canadian, currently trades at 0.89 times book value. It has a total return year to date of 0.94%. Molson Coors entered into a 50/50 joint venture with Hexo (NYSEAmerican:HEXO), a Montreal-based cannabis company, in August 2018. In June, TAP detailed its plans for cannabis-infused drinks for the Canadian market. Plans include selling multiple types of beverages the day (December 16) derivative cannabis products such as cannabis-infused drinks, edibles, and concentrates can be legally sold. "We'll have a very large supply so we'll be in a good position to be able to meet the demand of the marketplace and at the same time also ensure that we're meeting the variety that the marketplace wants," Jay McMillan, Hexo's vice president of strategic development said at the World Cannabis Congress recently. In my opinion, edibles and drinks are going to be much bigger than the sale of dried flower within 2-3 years. Molson Coors has an inside track. News Corp. (NWSA)News Corp. (NASDAQ:NWSA), the news and publishing arm of Rupert Murdoch's empire, currently trades at 0.84 times book value. It has a total return year to date of 18%.Lachlan Murdoch, who is the CEO of News Corp., recently discussed how the company is focusing on opportunities that revolve around live content to survive in the digital age. "Of the advertising revenue, the remarkable statistic is that 70% of that revenue is derived from live television, and the reason that we've structured a company for that is because… when we are talking absolutely instantaneous live news, sports, opinion is where these people aren't delaying; they're highly engaged. As media gets more fragmented, the value of live is only increasing," Murdoch stated at the Cannes Lions festival in June. * 7 Retail Stocks to Buy for the Second Half of 2019 The Murdochs might have sold off a significant chunk of their assets, but the ones it still has are likely worth a lot more than people are valuing them. Loews (L)Loews (NYSE:L), the New York-based holding company that once controlled CBS (NYSE:CBS), currently trades at 0.89 times book value. It has a total return year to date of 22.3%. Loews is having a year in the markets unlike any it's had in a very long time, yet you can still buy its stock for less than book value. Loews' holdings are a combination of public and private entities. It's a sum-of-the-parts is worth more than the current valuation type of story. Currently run by James Tisch, Loews biggest holding is an 89% stake in commercial property and casualty insurer CNA Financial (NYSE:CNA). As of March 31, Loews stake was worth $10.5 billion. Its current market cap is $16.8 billion. In addition to CNA, it owns 53% of offshore driller Diamond Offshore Drilling (NYSE:DO), a holding that's seen significant deterioration in the past few years. Currently trading below $10, DO traded as high as $50 in 2014. The stake in DO alone makes Loews stock a good buy below book value. Kraft Heinz (KHC)Kraft Heinz (NASDAQ:KHC), the food conglomerate 27% owned by Warren Buffett, currently trades at 0.74 times book value. It has a total return year to date of -25.4%. I have not been a fan of Kraft Heinz in large part because of its slash-and-burn style of running businesses. That said, I did offer up KHC stock in February as a good contrarian play. The caveat was that certain things needed to happen before its stock got higher. Those changes included paying down debt, getting rid of 3G Capital as a major owner of the company, and upping its innovation game. To date, it hasn't done much to meet my seven suggestions, except to replace former CEO Bernardo Hees with Miguel Patricio, the former chief marketing offer at Anheuser-Busch InBev (NYSE:BUD), another of 3G Capital's investments. It's too early to say if Patricio can move the needle. * 10 Best Stocks for 2019: A Volatile First Half However, you can bet Warren Buffett's going to do everything he can to turn around one of his worst investments to date. Marathon Oil (MRO)Marathon Oil (NYSE:MRO), the independent Houston-based upstream oil and gas company, currently trades at 0.93 times book value. It has a total return year to date of -2.4%. It has been eight years since Marathon Oil spun-off its refining business to focus on exploration and production. In that time, its stock has lost approximately 43% of its value. In 2011, it traded at 1.23 times book value. Today, its multiple is 26% lower. It might not trade at 0.44 times book as it did in 2015, but it's still pretty darn cheap. On July 1, MRO closed on the sale of its UK business so it could focus on its properties in the U.S. Over the past five years it has sold operations in 10 countries, leaving only its LNG operations in Equatorial Guinea as its only operating unit outside the U.S. Switching its focus to low-risk, high-return investments in four of the major shale plays in the U.S., Marathon is looking to grow its output by 12% in the U.S. in 2019. Fiat Chrysler (FCAU)Fiat Chrysler (NYSE:FCAU), the eighth-biggest car and truck manufacturer, currently trades at 0.96 times book value. It has a total return year to date of almost 12.0%. In late May, Fiat Chrysler made headlines by proposing it merge with France-based Renault (OTCMKTS:RNLSY). The merger would have made it the world's third-largest automotive company. Fiat Chrysler called it off, but there is speculation merger talks might restart at some point. However, despite calling off the merger, Fiat Chrysler managed to deliver its best June U.S. monthly sales report in 14 years with its Ram trucks leading the way growing by 45% year over year. That offset weaker sales of its other brands, including a 12% drop in Jeep sales. * 7 A-Rated Stocks to Buy for the Rest of 2019 Cheaper than most of its automotive peers, I believe that FCAU stock has the best potential upside with or without Renault. Park Hotels (PK)Park Hotels & Resorts (NYSE:PK), the second-largest publicly traded lodging REIT, currently trades at 0.99 times book value. It has a total return year to date of 9.7%. Park Hotels recently announced that it was selling three non-core hotels in Atlanta, New Orleans, and Parsippany, New Jersey, for gross proceeds of $166 million or $151,000 per key. PK is doing so to reduce the amount of debt it has taken on to buy Chesapeake Lodging Trust (NYSE:CHSP), a $2.7 billion acquisition it announced in early May. The deal will create a hotel owner with 66 high-quality hotels in 17 states and the District of Columbia. More importantly, for PK shareholders, it improves the REITs RevPAR by 4% to $182 with an EBITDA margin that's 60 basis points higher at 29.7%.Park Hotels was spun-off by its former parent, Hilton Worldwide (NYSE:HLT), in large part so that it could go its holdings separate from the hotel operations. While its stock hasn't done much since the 2017 spinoff, the move to buy Chesapeake should change that in the next 12-24 months. AerCap Holdings (AER)AerCap Holdings (NYSE:AER), the world leader in commercial aircraft leasing, currently trades at 0.79 times book value. It has a total return year to date of 26.7%. Although Boeing (NYSE:BA) announced a third consecutive month with no new 737 MAX orders July 9, AerCap is unlikely to be hurt by the ongoing grounding of Boeing's bestselling aircraft. On July 8, AerCap accounted for the company's major transactions during the quarter. According to its press release, AerCap signed lease agreements for 48 aircraft in the second quarter, purchased 11 aircraft, sold 23 aircraft, and signed financing transactions for $1.5 billion.AerCap makes money by buying planes and leasing them to airlines and other users of commercial aircraft. It owned 1,421 aircraft at the end of March with an average remaining lease term of 7.4 years, and a cost of credit of approximately 1% of its annual lease revenues. * 7 Retail Stocks to Buy That Are Down in 2019 It's been profitable for the past 12 years.As people travel farther and more often, AerCap is bound to benefit from the need for new aircraft. Taylor Morrison Home (TMHC)Taylor Morrison Home (NYSE:TMHC) currently trades at 0.94 times book value. It has a total return year to date of 33.9%. Based in Arizona, the homebuilder operates in eight different states including Arizona, Texas, and Florida. Recently, Taylor Morrison announced plans for a 1,750-home community in Sarasota, Florida. The master-planned development called Azario at Lakewood Ranch will include an 18-hole golf course, wellness and culinary centers, and even a lifestyle manager to help residents plan parties and special events. In fiscal 2018, Taylor Morrison closed on 8,760 homes, a 9% increase over a year earlier, generating $4.2 billion in revenue and making approximately 18.2% of the home price of every sale. The company finished 2018 with 6,014 homes in its inventory, 38% higher than a year earlier. As it continues to close on this inventory, investors can expect its revenue and earnings to grow significantly.As long as the economy remains strong, its stock from a price-to-book perspective is cheaper than it has been in several years. DuPont (DD) DuPont (NYSE:DD) currently trades at 0.56 times book value. It has a total return year to date of -12.4%.DuPont is one of three companies created by the DowDuPont spinoffs that took place in April and June. More than three years in the making, the DuPont businesses leftover after spinning off both Corteva (NYSE:CTVA) and Dow (NYSE:DOW) are generally of above-average quality and should be able to keep growing.However, before it's able to focus on the future, it needs to sell off some assets that don't fit into its plans. DuPont has already found assets generating $2 billion in annual revenues to sell; the proceeds of which can be reinvested in businesses with greater potential. Bank of America Merrill Lynch analyst Steve Byrne recently initiated coverage of DuPont giving it a "buy" rating and a $76 target price. Currently trading at $70, I believe the analyst is conservative in his price target. The average of 25 analysts covering its stock is $83.34. A total of 16 analysts have a buy or overweight rating on its stock. It's early in the DowDupont spinoffs, but I see good things happening from the lengthy process to deliver value for its shareholders. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post 10 Stocks to Buy for Less Than Book appeared first on InvestorPlace.

  • PR Newswire7 days ago

    Realtor.com® Predicts Market Shift That Could Impact Buyers Well Into 2020

    SANTA CLARA, Calif., July 9, 2019 /PRNewswire/ -- The housing market is posed for a shift that could affect buyers well into 2020 -- the resurgence of national inventory declines. According to realtor.com®'s July 2019 Monthly Housing Trend report released today, in just a few months* buyers may begin to see a drop in the number of homes for sale that could lead to the return of bidding wars, stronger price appreciation and quicker home sales. Continuing its unabated record growth, the U.S. median listing price in June reached its likely high point for the year at $316,000, earlier than its usual July peak due to the mismatch of what's available and what buyers want.

  • Financial Times8 days ago

    Heather Mills wins ‘substantial’ settlement over phone hacking

    Heather Mills, the former wife of pop star Paul McCartney, and her sister have won “substantial” damages and an “unmitigated apology” from the Murdoch-owned News Group over claims of phone hacking and invasion of privacy.

  • Japan isn’t as clean as Tucker Carlson or Trump may think
    MarketWatch14 days ago

    Japan isn’t as clean as Tucker Carlson or Trump may think

    Interviewing President Donald Trump in Japan, Fox News host Tucker Carlson marveled at what he said was the cleanliness of cities like Osaka and Tokyo, prompting Trump to say he may “intercede” to clean up American cities. But did Carlson get a good look around Japan?

  • Bloomberg15 days ago

    Retailers Eager to Lodge Antitrust Complaints Against Amazon and Google

    (Bloomberg) -- A leading U.S. retail group, whose members include Walmart Inc., is eager to aid antitrust enforcers that are poised to investigate whether Amazon.com Inc. and Alphabet Inc.’s Google are harming competition.The Retail Industry Leaders Association, which also represents Target Corp. and Best Buy Co. among others, said it’s prepared to present their concerns to the Justice Department and the Federal Trade Commission, which have carved up antitrust oversight of Silicon Valley’s biggest companies.“It’s pretty clear to us that the FTC and different relevant regulators should be taking a much closer look at these platform companies,” said Nicholas Ahrens, vice president of innovation for RILA, in an interview. “We are here to help.”RILA joins a slew of companies, including Oracle Corp., Yelp Inc., Tripadvisor, Inc. and News Corp., that have raised concerns about competitive harm from dominant technology platforms. The retailers’ group has already laid out its views on competition issues to the House Judiciary’s antitrust subcommittee, which is investigating the technology industry, Ahrens said.The group wrote a letter to the FTC dated Sunday, arguing that the tech platforms create an “information bottleneck” that has the power to skew markets and circumvent the traditional power of price competition.RILA also raised concerns about how tech companies may compromise the brands of retailers, favor their own products over sellers on their platforms, accumulate data about competitors and allow for the proliferation of counterfeit goods.It should be “quite concerning to the commission that Amazon and Google control the majority of all internet product search, and can very easily affect whether and how price and product information actually reaches consumers,” the trade group said in a letter responding to a series of hearings the agency held on competition policy.Representatives for Amazon and Google didn’t immediately respond to requests for comment.The FTC has claimed oversight of probes of Facebook Inc. and Amazon, while the Justice Department is set to scrutinize Google and Apple Inc., Bloomberg has reported. Separately, the House Judiciary’s antitrust subcommittee kicked off a broad antitrust investigation into the technology industry last month with a hearing on how Google and Facebook have affected the news industry.For More: House Panel Kicks Off Antitrust Probe With Focus on News MediaRILA said it agrees with sentiments echoed by Makan Delrahim, the head of the Justice Department’s antitrust division, and more than 40 attorneys general, that prices shouldn’t be the sole measure of harm.It’s “the combination of information control and market power that should worry antitrust regulators the most,” the letter said. “That unhealthy combination exists at the level of the internet’s pipelines, at the level of product search, in webhosting, on social media platforms and elsewhere.”The group also pointed to Amazon’s perceived dominance of e-commerce, where it has nearly 50% of U.S. online sales. Since it’s both a retailer and a marketplace for third-party sellers, Amazon has drawn scrutiny over whether it uses its clout and huge amount of sales data to give itself a leg up over smaller vendors -- an issue the EU is already investigating and which prompted calls by 2020 presidential hopeful Elizabeth Warren to break up the online retailer and other tech platforms.Amazon claims it actually only holds a small percentage of the total retail market in the U.S. and faces formidable competition from the likes of Walmart.“RILA does not file this comment to complain about competition from Facebook, Google, Amazon, Visa, or any other technology or payments platform,” the group said. “Indeed, retail leaders comment to ask for more competition, not less. But all competition must be on a fair and level playing field.”\--With assistance from Ben Brody and David McLaughlin.To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Justin BlumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire15 days ago

    New Realtor.com® Commute Time Filter Lets Buyers Test Drive Their Commute Before Buying a Home

    Realtor.com®, the Home of Home Search℠, today announced the launch of an all-new, headache-reducing, Commute Time Filter on iOS that provides buyers an enhanced ability to search for homes by both rush-hour and off-peak commute times.

  • Barrons.com20 days ago

    There’s a Huge Gap Between What Home Buyers Want and What’s for Sale

    FEATURE If you’re looking to buy a home, you may want to prepare yourself for disappointment. A new study from Realtor.com found that there is a large gap between the home price buyers are looking for and the listed prices.

  • Former Fox News reporter leaves network over ‘partisan misinformation’
    MarketWatch20 days ago

    Former Fox News reporter leaves network over ‘partisan misinformation’

    Carl Cameron spent more than two decades at Fox News as one of the network’s political correspondents. He called it quits back in 2017 and now, as he embarks on another project, he explains why he left.

  • Gap Widens Between What Buyers Want and What's For Sale
    PR Newswire20 days ago

    Gap Widens Between What Buyers Want and What's For Sale

    Half of all buyers are looking for homes priced at least 9 percent below the nation's median list price of $315,000 SANTA CLARA, Calif. , June 26, 2019 /PRNewswire/ -- There is a wide gap between what ...

  • Reuters20 days ago

    Australian media giants demand an end to curbs on press freedom

    Australia's national broadcaster and two biggest newspaper publishers called on the government on Wednesday to protect press freedom, declaring media laws outdated, inconsistent and used by the powerful to keep embarrassing information secret. The state-funded Australian Broadcasting Corp (ABC), News Corp's Australian arm, and broadcaster and newspaper publisher Nine Entertainment Co Holdings Ltd made the demand after a series of police raids, adverse court rulings and criminal prosecutions of journalists. The rare show of unity by Australia's usually tribal media industry underscored concern about a lack of legal protection for journalists.

  • Zillow, Realtor, Redfin: Which Is the Best Real Estate Website?
    Investopedia21 days ago

    Zillow, Realtor, Redfin: Which Is the Best Real Estate Website?

    The features and usability of the big three real estate websites (Zillow, Realtor.com and Redfin) for researching, buying or selling a home vary.

  • TheStreet.com22 days ago

    Read All About It: News Corp. Stock Is Poised to Change Direction

    The NWSA chart, below, shows the stock's $15.00 level functioned as support through June and July of last year until this level was violated in mid-August with heavy trading volume. In mid-June, NWSA saw a significant amount of trading volume push price almost vertically above the long-term downtrend line that had been in force for almost a year while also successfully pushing above the high VAP level.

  • Murdoch’s News Corp Exploring Asset Sale
    Market Realist22 days ago

    Murdoch’s News Corp Exploring Asset Sale

    The Murdoch family is exploring another asset sale after closing its enormous Walt Disney (DIS) transaction last year.

  • ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats
    Market Realist22 days ago

    ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats

    Australia’s ASX200 recovered today after a loss on Friday. After losing 0.55% on Friday, the index rose 0.22% today. Out of 200 stocks in the index, 83 advanced, while 103 retreated. 14 stayed unchanged today. BHP Group (BHP) and Rio Tinto (RIO) were among the gainers, while News Corp (NWSA) lost 1.29% on the Australian Stock Exchange today.

  • Here’s What Hedge Funds Think About News Corp (NWSA)
    Insider Monkey26 days ago

    Here’s What Hedge Funds Think About News Corp (NWSA)

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the first quarter, which unveil their equity positions as of March 31. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Is News Corp Looking to Offload News America Marketing Unit?
    Zacks27 days ago

    Is News Corp Looking to Offload News America Marketing Unit?

    News Corp (NWSA) is exploring options for sale of News America to focus on its core businesses.

  • News Corporation (NWSA) in Focus: Stock Moves 5.3% Higher
    Zacks27 days ago

    News Corporation (NWSA) in Focus: Stock Moves 5.3% Higher

    News Corporation (NWSA) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

  • ASX Inched Closer to New High, KOSPI and Singapore Gained Big
    Market Realist27 days ago

    ASX Inched Closer to New High, KOSPI and Singapore Gained Big

    On June 19, Australia’s ASX200 posted its second consecutive gain. The index rose 1.2% and closed at a fresh 11-year high of 6,648.10. The index is inching towards its lifetime high of 6,851.5.

  • TheStreet.com28 days ago

    News Corp Considering Sale of News America Marketing Business

    were rising nearly 6% Tuesday to $12.97 after the company announced that it was looking to sell its News America Marketing business as part of an effort to simplify its structure. Thomson also noted that NAM has extensive access to first-party shopper data and close relationships with companies that have placements in thousands of retail stores.

  • Is News Corporation's (NASDAQ:NWSA) CEO Paid Enough Relative To Peers?
    Simply Wall St.28 days ago

    Is News Corporation's (NASDAQ:NWSA) CEO Paid Enough Relative To Peers?

    Robert Thomson became the CEO of News Corporation (NASDAQ:NWSA) in 2013. This report will, first, examine the CEO...

  • Bloomberg28 days ago

    News Corp. Reviewing Options for News America Marketing Unit

    (Bloomberg) -- News Corp. said it is evaluating options for its News America Marketing business that could include a sale, which would leave the publisher of the Wall Street Journal and New York Post more purely focused on media while removing what’s been a troubled unit.The review of News America, which offers in-store marketing and shopper circulars, “will result in enhanced shareholder value, as we seek to streamline our company, with the aim of greater transparency and profitability,” News Corp. Chief Executive Officer Robert Thomson said in a statement. Media-focused investment bank Allen & Co. is advising on the process. Key InsightsNews America has been something of an albatross for News Corp. in recent years. The company recognized noncash impairment charges totaling $165 million related to News America in the quarter ended March 2018, and the unit was the subject of a lawsuit by consumer brands that led to a $250 million settlement in 2016.The marketing unit is also suffering from a version of the same ailment afflicting News Corp.’s print-media properties: declining circulation. Revenue at News America dropped 7% in the nine months ended March 31, with the company mainly citing lower home-delivered revenue amid a drop in volume.Market ReactionNews Corp. shares rose as much as 2.7% to $12.57 in New York trading Tuesday. The stock is up more than 10% so far this year, though down 22% in the past 12 months.Get MoreSee more details.Read the statement.(Updates with shares in Market Reaction.)To contact the reporter on this story: John J. Edwards III in Geneva at jedwardsiii1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Crayton HarrisonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire28 days ago

    News Corp To Review Strategic Options for News America Marketing

    News Corp announced today that to optimize its portfolio and simplify the structure of the Company, it is actively evaluating strategic options for its News America Marketing business (NAM). The review of NAM, one of the most valued partners in the marketing services industry for brands, retailers and technology innovators, includes exploring a potential sale. This process is being undertaken in order to allow greater focus on News Corp’s primary pillars, including the creation and distribution of premium content and global digital real estate services.