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.
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.
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