ValuEngine Downgrades Twenty-First Century Fox, Inc. (NASDAQ:FOXA) to Hold

ValuEngine lowered shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) from a buy rating to a hold rating in a research note released on Friday, September 1st.

A number of other equities analysts also recently issued reports on FOXA. Cowen and Company reiterated a market perform rating and set a $32.00 price objective (down from $33.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 10th. Royal Bank Of Canada reissued an outperform rating and set a $35.00 target price (up previously from $33.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 10th. Piper Jaffray Companies initiated coverage on shares of Twenty-First Century Fox in a report on Friday, August 11th. They issued an overweight rating and a $35.00 price target for the company. Zacks Investment Research cut shares of Twenty-First Century Fox from a hold rating to a sell rating in a report on Tuesday, July 11th. Finally, Needham & Company LLC reissued a hold rating on shares of Twenty-First Century Fox in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. Twenty-First Century Fox presently has a consensus rating of Buy and a consensus price target of $33.43.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 2.08% during trading on Friday, hitting $27.05. The stock had a trading volume of 9,069,023 shares. The firm’s 50 day moving average is $27.50 and its 200 day moving average is $28.73. Twenty-First Century Fox has a 1-year low of $23.60 and a 1-year high of $32.60. The company has a market cap of $50.07 billion, a PE ratio of 17.06 and a beta of 1.28.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Twenty-First Century Fox will post $2.03 EPS for the current fiscal year.

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The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.18 per share. This represents a yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

Several institutional investors have recently modified their holdings of the company. Sentry Investment Management LLC boosted its holdings in shares of Twenty-First Century Fox by 1.3% in the 2nd quarter. Sentry Investment Management LLC now owns 189,680 shares of the company’s stock valued at $5,376,000 after buying an additional 2,482 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Twenty-First Century Fox by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 356,491 shares of the company’s stock valued at $10,101,000 after buying an additional 72,459 shares in the last quarter. First Fiduciary Investment Counsel Inc. boosted its holdings in shares of Twenty-First Century Fox by 0.9% in the 2nd quarter. First Fiduciary Investment Counsel Inc. now owns 402,906 shares of the company’s stock valued at $11,418,000 after buying an additional 3,415 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Twenty-First Century Fox in the 2nd quarter valued at $365,000. Finally, Sterling Capital Management LLC raised its position in Twenty-First Century Fox by 1.2% in the 2nd quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock valued at $241,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 53.33% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Twenty-First Century Fox (NASDAQ:FOXA)

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