Barings LLC increased its position in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,388 shares of the company’s stock after buying an additional 6,000 shares during the period. Barings LLC’s holdings in Twenty-First Century Fox were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Kaizen Advisory LLC increased its holdings in shares of Twenty-First Century Fox by 121.8% in the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock valued at $113,000 after purchasing an additional 1,251 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Twenty-First Century Fox in the second quarter valued at $115,000. Nelson Roberts Investment Advisors LLC acquired a new position in shares of Twenty-First Century Fox in the second quarter valued at $122,000. Sun Life Financial INC increased its holdings in shares of Twenty-First Century Fox by 1,522.7% in the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock valued at $142,000 after purchasing an additional 2,680 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Twenty-First Century Fox in the third quarter valued at $137,000. Institutional investors and hedge funds own 54.01% of the company’s stock.
FOXA stock opened at $46.54 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. Twenty-First Century Fox Inc has a 52 week low of $24.81 and a 52 week high of $50.15. The stock has a market capitalization of $84.63 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.75 and a beta of 1.30.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The business had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the company posted $0.36 earnings per share. Twenty-First Century Fox’s revenue was up 17.7% compared to the same quarter last year. On average, analysts predict that Twenty-First Century Fox Inc will post 2 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 18.27%.
FOXA has been the topic of several research reports. Barclays initiated coverage on shares of Twenty-First Century Fox in a report on Friday, October 19th. They issued an “overweight” rating on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $53.00 price objective on shares of Twenty-First Century Fox in a report on Monday, October 15th. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Macquarie upped their price objective on shares of Twenty-First Century Fox from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Finally, UBS Group downgraded shares of Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.44.
About Twenty-First Century Fox
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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