Twenty-First Century Fox Target of Unusually Large Options Trading (FOX)

Twenty-First Century Fox Inc (NASDAQ:FOX) was the target of unusually large options trading activity on Monday. Traders acquired 1,553 put options on the stock. This is an increase of approximately 853% compared to the typical volume of 163 put options.

A number of research firms have recently commented on FOX. BidaskClub cut shares of Twenty-First Century Fox from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. OTR Global raised shares of Twenty-First Century Fox to a “positive” rating in a report on Monday, October 30th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus price target of $34.00.

Twenty-First Century Fox (NASDAQ:FOX) opened at $36.61 on Wednesday. The company has a market cap of $68,617.64, a PE ratio of 17.11 and a beta of 1.25. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.98. Twenty-First Century Fox has a fifty-two week low of $24.30 and a fifty-two week high of $38.56.

Twenty-First Century Fox (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The company had revenue of $8.04 billion during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 16.82%.

In related news, EVP Gerson Zweifach sold 110,728 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $34.90, for a total transaction of $3,864,407.20. Following the completion of the sale, the executive vice president now owns 36,007 shares of the company’s stock, valued at $1,256,644.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 39.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Yacktman Asset Management LP increased its stake in shares of Twenty-First Century Fox by 2.1% in the fourth quarter. Yacktman Asset Management LP now owns 28,078,485 shares of the company’s stock valued at $958,038,000 after buying an additional 564,429 shares during the period. BlackRock Inc. increased its stake in shares of Twenty-First Century Fox by 3.5% in the fourth quarter. BlackRock Inc. now owns 25,798,234 shares of the company’s stock valued at $880,235,000 after buying an additional 871,395 shares during the period. State of Wisconsin Investment Board increased its stake in shares of Twenty-First Century Fox by 59.6% in the fourth quarter. State of Wisconsin Investment Board now owns 9,118,923 shares of the company’s stock valued at $311,138,000 after buying an additional 3,403,966 shares during the period. Baupost Group LLC MA increased its stake in shares of Twenty-First Century Fox by 1.5% in the third quarter. Baupost Group LLC MA now owns 7,384,542 shares of the company’s stock valued at $190,447,000 after buying an additional 106,442 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Twenty-First Century Fox by 2.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,168,686 shares of the company’s stock valued at $184,880,000 after buying an additional 199,015 shares during the period. 23.38% of the stock is owned by institutional investors.

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Twenty-First Century Fox Company Profile

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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