First Trust Advisors LP cut its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOX) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,920 shares of the company’s stock after selling 25,890 shares during the period. First Trust Advisors LP’s holdings in Twenty-First Century Fox were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in FOX. ProVise Management Group LLC raised its position in shares of Twenty-First Century Fox by 25.5% in the 4th quarter. ProVise Management Group LLC now owns 26,179 shares of the company’s stock valued at $893,000 after acquiring an additional 5,325 shares during the period. IBM Retirement Fund acquired a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at approximately $222,000. Pentwater Capital Management LP acquired a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at approximately $92,923,000. Harbor Advisors LLC raised its position in shares of Twenty-First Century Fox by 30.0% in the 4th quarter. Harbor Advisors LLC now owns 65,000 shares of the company’s stock valued at $2,218,000 after acquiring an additional 15,000 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Twenty-First Century Fox by 3.4% in the 4th quarter. California Public Employees Retirement System now owns 2,087,544 shares of the company’s stock valued at $71,227,000 after acquiring an additional 69,201 shares during the period. Institutional investors own 24.31% of the company’s stock.
In related news, EVP Gerson Zweifach sold 110,728 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $34.90, for a total transaction of $3,864,407.20. Following the completion of the sale, the executive vice president now directly owns 36,007 shares of the company’s stock, valued at approximately $1,256,644.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 39.40% of the stock is currently owned by corporate insiders.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) opened at $37.50 on Tuesday. The firm has a market cap of $68,932.56, a P/E ratio of 20.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.16 and a quick ratio of 1.77. Twenty-First Century Fox Inc has a 52-week low of $24.30 and a 52-week high of $38.56.
Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The business had revenue of $8.04 billion for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.92%. Twenty-First Century Fox’s payout ratio is 16.82%.
Separately, BidaskClub upgraded shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Twenty-First Century Fox has a consensus rating of “Buy” and an average target price of $34.00.
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Twenty-First Century Fox Company Profile
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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