Senator Investment Group LP Takes $238.42 Million Position in Twenty-First Century Fox Inc Class A (FOXA)

Senator Investment Group LP purchased a new position in Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,798,056 shares of the company’s stock, valued at approximately $238,415,000. Twenty-First Century Fox Inc Class A accounts for about 2.4% of Senator Investment Group LP’s portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FOXA. Robeco Institutional Asset Management B.V. increased its stake in shares of Twenty-First Century Fox Inc Class A by 21.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 117,278 shares of the company’s stock worth $4,305,000 after purchasing an additional 20,880 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Twenty-First Century Fox Inc Class A by 3.3% in the first quarter. Thrivent Financial for Lutherans now owns 43,987 shares of the company’s stock worth $1,614,000 after purchasing an additional 1,396 shares in the last quarter. Usca Ria LLC increased its stake in shares of Twenty-First Century Fox Inc Class A by 19.0% in the first quarter. Usca Ria LLC now owns 9,402 shares of the company’s stock worth $345,000 after purchasing an additional 1,503 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Twenty-First Century Fox Inc Class A by 22.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,834 shares of the company’s stock worth $398,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Twenty-First Century Fox Inc Class A in the first quarter worth $157,000. Institutional investors and hedge funds own 54.10% of the company’s stock.

A number of analysts have recently issued reports on FOXA shares. Buckingham Research reduced their price objective on shares of Twenty-First Century Fox Inc Class A to $52.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. B. Riley increased their price objective on shares of Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Loop Capital increased their price objective on shares of Twenty-First Century Fox Inc Class A to $47.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Twenty-First Century Fox Inc Class A in a research note on Friday, August 10th. Finally, ValuEngine cut shares of Twenty-First Century Fox Inc Class A from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 28th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.31.

FOXA opened at $44.81 on Monday. The firm has a market cap of $82.70 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.30 and a beta of 1.32. Twenty-First Century Fox Inc Class A has a fifty-two week low of $24.81 and a fifty-two week high of $50.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.35 and a quick ratio of 1.90.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last posted its earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.52 billion. Twenty-First Century Fox Inc Class A had a net margin of 14.68% and a return on equity of 18.71%. Twenty-First Century Fox Inc Class A’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. research analysts predict that Twenty-First Century Fox Inc Class A will post 2.04 EPS for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 11th. This represents a yield of 0.79%. Twenty-First Century Fox Inc Class A’s payout ratio is 18.27%.

About Twenty-First Century Fox Inc Class A

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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Institutional Ownership by Quarter for Twenty-First Century Fox Inc Class A (NASDAQ:FOXA)

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