Investors sold shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) on strength during trading on Thursday. $82.63 million flowed into the stock on the tick-up and $624.57 million flowed out of the stock on the tick-down, for a money net flow of $541.94 million out of the stock. Of all stocks tracked, Twenty-First Century Fox had the highest net out-flow for the day. Twenty-First Century Fox traded up $1.02 for the day and closed at $46.54
A number of equities analysts have commented on the stock. Buckingham Research reduced their price objective on shares of Twenty-First Century Fox to $52.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. ValuEngine cut shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Cowen reaffirmed a “hold” rating and set a $49.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, August 12th. UBS Group cut shares of Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Friday, July 20th. Finally, Barclays assumed coverage on shares of Twenty-First Century Fox in a research report on Friday, October 19th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.44.
The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $84.63 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.75 and a beta of 1.30.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The company had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. On average, equities research analysts anticipate that Twenty-First Century Fox Inc will post 2 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th were issued a dividend of $0.18 per share. This represents a dividend yield of 0.79%. The ex-dividend date was Tuesday, September 11th. Twenty-First Century Fox’s dividend payout ratio is currently 18.27%.
Several institutional investors and hedge funds have recently bought and sold shares of FOXA. BlackRock Inc. raised its stake in Twenty-First Century Fox by 0.9% in the second quarter. BlackRock Inc. now owns 60,065,374 shares of the company’s stock valued at $2,984,648,000 after purchasing an additional 544,776 shares in the last quarter. Egerton Capital UK LLP raised its stake in Twenty-First Century Fox by 93.4% in the second quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock valued at $1,333,357,000 after purchasing an additional 12,957,606 shares in the last quarter. Morgan Stanley raised its stake in Twenty-First Century Fox by 48.6% in the second quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock valued at $1,092,706,000 after purchasing an additional 7,189,693 shares in the last quarter. FMR LLC raised its stake in Twenty-First Century Fox by 6.2% in the second quarter. FMR LLC now owns 14,672,134 shares of the company’s stock valued at $729,058,000 after purchasing an additional 850,548 shares in the last quarter. Finally, Senator Investment Group LP acquired a new position in Twenty-First Century Fox in the second quarter valued at about $238,415,000. 54.01% of the stock is owned by institutional investors.
About Twenty-First Century Fox (NASDAQ:FOXA)
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.
See Also: Initial Public Offering (IPO)
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