BidaskClub upgraded shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) from a strong sell rating to a sell rating in a report released on Monday, July 31st.
Several other research firms also recently weighed in on FOX. Rosenblatt Securities assumed coverage on Twenty-First Century Fox in a report on Tuesday, April 4th. They issued a neutral rating and a $33.00 price objective for the company. Jefferies Group LLC restated a buy rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Wednesday, April 5th. Zacks Investment Research downgraded Twenty-First Century Fox from a hold rating to a sell rating in a report on Tuesday, April 18th. Finally, TheStreet downgraded Twenty-First Century Fox from a b rating to a c+ rating in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.00.
Shares of Twenty-First Century Fox (FOX) traded up 0.19% on Monday, reaching $26.94. 1,439,562 shares of the company’s stock were exchanged. The stock has a market cap of $49.87 billion, a price-to-earnings ratio of 16.99 and a beta of 1.19. The company’s 50 day moving average is $27.84 and its 200-day moving average is $28.87. Twenty-First Century Fox has a one year low of $23.88 and a one year high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.01. The firm had revenue of $6.75 billion during the quarter. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.47%. During the same period in the prior year, the firm earned $0.45 EPS. On average, analysts anticipate that Twenty-First Century Fox will post $2.03 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.72 annualized dividend and a yield of 2.68%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.
In other Twenty-First Century Fox news, Director David F. Devoe sold 30,149 shares of Twenty-First Century Fox stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $28.01, for a total value of $844,473.49. Following the transaction, the director now owns 55,647 shares in the company, valued at $1,558,672.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James R. Murdoch sold 111,713 shares of Twenty-First Century Fox stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $27.94, for a total value of $3,121,261.22. Following the completion of the transaction, the chief executive officer now owns 234,236 shares in the company, valued at approximately $6,544,553.84. The disclosure for this sale can be found here. 39.40% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Twenty-First Century Fox by 2,917.8% in the first quarter. BlackRock Inc. now owns 26,468,128 shares of the company’s stock worth $841,159,000 after buying an additional 25,591,062 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Twenty-First Century Fox by 185.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,128,361 shares of the company’s stock worth $142,927,000 after buying an additional 3,334,740 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Twenty-First Century Fox by 5.6% in the first quarter. Vanguard Group Inc. now owns 29,473,799 shares of the company’s stock worth $936,677,000 after buying an additional 1,574,477 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Twenty-First Century Fox by 49.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,376 shares of the company’s stock worth $86,463,000 after buying an additional 1,024,030 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Twenty-First Century Fox by 98.5% in the first quarter. California Public Employees Retirement System now owns 2,022,800 shares of the company’s stock worth $64,285,000 after buying an additional 1,003,900 shares during the last quarter. Institutional investors and hedge funds own 23.07% of the company’s stock.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
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