Vident Investment Advisory LLC cut its holdings in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,372 shares of the company’s stock after selling 2,313 shares during the quarter. Vident Investment Advisory LLC’s holdings in Twenty-First Century Fox were worth $669,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Fort L.P. grew its holdings in shares of Twenty-First Century Fox by 831.1% in the third quarter. Fort L.P. now owns 274,233 shares of the company’s stock valued at $7,234,000 after purchasing an additional 244,781 shares in the last quarter. KBC Group NV boosted its stake in Twenty-First Century Fox by 0.6% during the third quarter. KBC Group NV now owns 930,207 shares of the company’s stock worth $24,538,000 after buying an additional 5,364 shares during the period. Prudential Financial Inc. boosted its stake in Twenty-First Century Fox by 37.7% during the third quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock worth $62,410,000 after buying an additional 647,790 shares during the period. DnB Asset Management AS boosted its stake in Twenty-First Century Fox by 25.3% during the fourth quarter. DnB Asset Management AS now owns 142,850 shares of the company’s stock worth $4,933,000 after buying an additional 28,800 shares during the period. Finally, Coastline Trust Co purchased a new position in Twenty-First Century Fox during the fourth quarter worth $311,000. 53.77% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the stock. Loop Capital assumed coverage on shares of Twenty-First Century Fox in a research note on Thursday, March 15th. They set a “buy” rating and a $43.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. ValuEngine raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Jefferies Group lifted their price objective on shares of Twenty-First Century Fox from $30.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 price objective on shares of Twenty-First Century Fox in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.53.
Shares of FOXA stock opened at $36.12 on Friday. The stock has a market cap of $68,080.40, a price-to-earnings ratio of 16.88, a PEG ratio of 1.96 and a beta of 1.36. Twenty-First Century Fox Inc has a one year low of $24.81 and a one year high of $39.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.77 and a current ratio of 2.16.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $8.04 billion during the quarter, compared to analyst estimates 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 revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. sell-side analysts predict that Twenty-First Century Fox Inc will post 2.04 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be paid 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%.
ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2018/03/24/vident-investment-advisory-llc-sells-2313-shares-of-twenty-first-century-fox-inc-foxa.html.
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.
Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc (NASDAQ:FOXA).
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.