Guggenheim Reaffirms Buy Rating for Twenty-First Century Fox, Inc. (FOXA)

Guggenheim reiterated their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a report published on Tuesday. They currently have a $35.00 price target on the stock.

A number of other brokerages also recently issued reports on FOXA. Royal Bank Of Canada set a $33.00 price target on Twenty-First Century Fox and gave the company a buy rating in a report on Monday, June 12th. Credit Suisse Group reiterated a buy rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. ValuEngine upgraded Twenty-First Century Fox from a hold rating to a buy rating in a report on Thursday, July 6th. Morgan Stanley reissued an overweight rating on shares of Twenty-First Century Fox in a research report on Thursday, July 6th. Finally, Cowen and Company reissued a hold rating and issued a $33.00 price objective on shares of Twenty-First Century Fox in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $33.35.

Twenty-First Century Fox (NASDAQ FOXA) traded up 0.249% during midday trading on Tuesday, hitting $26.205. The company had a trading volume of 3,216,004 shares. The company has a market capitalization of $48.51 billion, a P/E ratio of 16.523 and a beta of 1.26. The stock has a 50 day moving average price of $26.75 and a 200 day moving average price of $28.20. Twenty-First Century Fox has a 52 week low of $24.55 and a 52 week high of $32.60.

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

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

Hedge funds have recently modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Twenty-First Century Fox by 1,328.3% in the 2nd quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after buying an additional 3,520 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Twenty-First Century Fox by 4.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after buying an additional 200 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Twenty-First Century Fox by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after buying an additional 451 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Twenty-First Century Fox by 76.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,409 shares of the company’s stock valued at $153,000 after buying an additional 2,336 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of Twenty-First Century Fox by 6.2% in the 1st quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock valued at $161,000 after buying an additional 291 shares during the period. 53.34% of the stock is owned by institutional investors and hedge funds.

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.

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

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