Victory Capital Management Inc. cut its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 638,824 shares of the company’s stock after selling 314,389 shares during the period. Victory Capital Management Inc.’s holdings in Twenty-First Century Fox were worth $22,059,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Twenty-First Century Fox by 8.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after acquiring an additional 3,018,013 shares during the period. Independent Franchise Partners LLP grew its position in shares of Twenty-First Century Fox by 7.7% during the 3rd quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock valued at $749,050,000 after acquiring an additional 2,039,154 shares during the period. Investec Asset Management LTD grew its position in shares of Twenty-First Century Fox by 30.9% during the 3rd quarter. Investec Asset Management LTD now owns 6,256,717 shares of the company’s stock valued at $165,052,000 after acquiring an additional 1,476,826 shares during the period. PGGM Investments grew its position in shares of Twenty-First Century Fox by 172.5% during the 3rd quarter. PGGM Investments now owns 1,796,101 shares of the company’s stock valued at $47,381,000 after acquiring an additional 1,136,925 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Twenty-First Century Fox by 37.7% during the 3rd quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after acquiring an additional 647,790 shares during the period. 53.49% of the stock is owned by institutional investors and hedge funds.
Twenty-First Century Fox Inc (FOXA) traded up $0.50 during trading on Monday, hitting $37.46. 6,699,900 shares of the stock traded hands, compared to its average volume of 10,280,536. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.77 and a current ratio of 2.16. The stock has a market cap of $69,395.70, a PE ratio of 17.50, a P/E/G ratio of 1.93 and a beta of 1.32. Twenty-First Century Fox Inc has a 12-month low of $24.81 and a 12-month high of $39.13.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $8.04 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. equities research analysts forecast that Twenty-First Century Fox Inc will post 2.04 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.18 per share. This represents a dividend yield of 0.00503778337531486%. The ex-dividend date of this dividend is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 16.82%.
A number of research analysts have recently weighed in on the stock. B. Riley raised shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and increased their target price for the company from $38.00 to $46.00 in a research report on Tuesday, January 16th. BMO Capital Markets reissued a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Piper Jaffray Companies set a $40.00 price target on shares of Twenty-First Century Fox and gave the company a “buy” rating in a research note on Saturday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Twenty-First Century Fox has an average rating of “Buy” and an average target price of $37.73.
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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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