HPM Partners LLC purchased a new stake in Twenty-First Century Fox Inc (NASDAQ:FOXA) during the second quarter, according to its most recent filing with the SEC. The fund purchased 4,238 shares of the company’s stock, valued at approximately $211,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. World Asset Management Inc increased its holdings in Twenty-First Century Fox by 1.6% in the 2nd quarter. World Asset Management Inc now owns 68,138 shares of the company’s stock valued at $3,386,000 after acquiring an additional 1,101 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Twenty-First Century Fox by 22.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,623 shares of the company’s stock worth $233,000 after buying an additional 1,214 shares in the last quarter. ACG Wealth grew its stake in shares of Twenty-First Century Fox by 13.7% in the 2nd quarter. ACG Wealth now owns 10,338 shares of the company’s stock worth $514,000 after buying an additional 1,243 shares in the last quarter. Kaizen Advisory LLC grew its stake in shares of Twenty-First Century Fox by 121.8% in the 2nd quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock worth $113,000 after buying an additional 1,251 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Twenty-First Century Fox by 1.8% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,136 shares of the company’s stock worth $3,733,000 after buying an additional 1,314 shares in the last quarter. Institutional investors own 54.11% of the company’s stock.
A number of equities analysts have commented on FOXA shares. Credit Suisse Group started coverage on shares of Twenty-First Century Fox in a research note on Tuesday, July 10th. They issued an “overweight” rating and a $57.00 price objective for the company. Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday. Cowen reissued a “hold” rating and issued a $48.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, August 1st. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Twenty-First Century Fox in a research note on Friday, August 10th. Finally, Royal Bank of Canada cut shares of Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $45.00 to $49.00 in a research note on Thursday, August 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Twenty-First Century Fox has an average rating of “Hold” and an average price target of $44.93.
Shares of FOXA stock traded up $0.25 during trading hours on Friday, reaching $45.36. 7,267,867 shares of the stock were exchanged, compared to its average volume of 11,229,235. Twenty-First Century Fox Inc has a 12-month low of $24.81 and a 12-month high of $50.15. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market cap of $85.83 billion, a PE ratio of 23.03, a P/E/G ratio of 2.39 and a beta of 1.30.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The firm had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that Twenty-First Century Fox Inc will post 2.04 EPS for the current year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th will be given a $0.18 dividend. The ex-dividend date is Tuesday, September 11th. This represents a yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio (DPR) is 18.27%.
Twenty-First Century Fox Company Profile
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.
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