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.
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