Fund Manager Summary on News Corporation Class B Voting CDI (ASX:NWS)
News Corporation Class B Voting CDI (ASX:NWS) continues to be viewed favorably by fund managers, with significant opportunities seen particularly in the Dow Jones division, which reported a 12% year-on-year profit increase amid a challenging advertising environment. Despite recent share price volatility, impacted by a weaker performance from REA Group, NWS's strong operational metrics and digital revenue growth—84% of sales from digital channels—underline its resilience. Fund managers highlight the positive capital management actions, including the divestment of Foxtel, which has improved the balance sheet and facilitated a stock buyback program, supporting earnings growth. Risks remain, particularly around fluctuations in REA's market performance and heightened investor caution before earnings reports, yet the core asset strength of Dow Jones and the anticipated recovery in advertising spending provide a supportive backdrop for long-term growth potential.
Commentary From The Managers
There are 14 insights from 5 fund managers regarding their investment in News Corporation Class B Voting CDI (ASX:NWS) available on Thesis Tracker.
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Commentary From The Managers
The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who is investing in News Corporation Class B Voting CDI (ASX:NWS)?
Fund managers including Blackwattle Investment Partners, Centennial Asset Management, Airlie Funds Management, Oracle Advisory Group and Perpetual Asset Management have invested in News Corporation Class B Voting CDI (ASX:NWS).
Why do fund managers invest in News Corporation Class B Voting CDI?
Fund managers invest in News Corporation Class B Voting CDI due to its strong portfolio of valuable assets, including the Dow Jones and digital real estate services. Recent performance indicates growth prospects, particularly as the advertising cycle shows signs of recovery. The company's net cash position enhances financial stability, enabling share buybacks that can boost earnings per share. Additionally, the ongoing digital transition within its core businesses, along with undervalued segments, provides a compelling risk/reward profile for long-term investors.
What happened to News Corporation Class B Voting CDI (ASX:NWS)?
Fund managers see potential in News Corporation Class B Voting CDI due to its substantial stake in REA Group, which remains the market leader in Australian real estate despite recent performance setbacks. They note the company's digital expansion, particularly within the Dow Jones segment, which has improved profitability and revenue contribution. A strong balance sheet supports ongoing share buybacks, providing value to shareholders. Overall, the current share price reflects undervaluation, particularly of its high-quality assets, suggesting long-term growth opportunities.
What is the short interest in News Corporation Class B Voting CDI (ASX:NWS)?
The short interest in News Corporation Class B Voting CDI (ASX:NWS) is 0.66% which makes it the 249th most shorted stock on the ASX. Of the 43.2M shares that News Corporation Class B Voting CDI has on issue, 287.4K have been sold short.
What does News Corporation Class B Voting CDI (ASX:NWS) do?
News Corp. is diversified media and information services company, which engages in the business of creating and distributing authoritative and engaging content and other products and services to consumers and businesses. It operates through the following segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other. The Digital Real Estate Services segment is involved in the operations of the REA Group. The Subscription Video Services segment provides sports, entertainment, and news services to pay-TV and streaming subscribers and other commercial licensees. The Dow Jones segment offers content and data through a variety of owned and off-platform media channels including newspapers, newswires, websites, mobile apps, newsletters, magazines, proprietary databases, live journalism, video, and podcasts. The Book Publishing segment focuses on HarperCollins which publishes and distributes consumer books globally through print, digital, and audio formats. The News Media segment includes the operations of News Corp Australia, News UK, and the New York Post. The Other segment consists of corporate overhead expenses, strategy costs, and costs related to the newspaper matters. The company was founded by Keith Rupert Murdoch in 1979 and is headquartered in New York, NY.