Vertical Group upgraded shares of Twenty-First Century Fox (NASDAQ:FOXA) from a hold rating to a buy rating in a report published on Monday, February 4th, The Fly reports.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research note on Friday, January 25th. Societe Generale cut Twenty-First Century Fox from a hold rating to a sell rating in a research report on Thursday, January 24th. Wolfe Research initiated coverage on Twenty-First Century Fox in a research report on Friday, December 7th. They issued an outperform rating for the company. Gabelli reaffirmed a buy rating on shares of Twenty-First Century Fox in a research report on Tuesday, November 27th. Finally, Morgan Stanley raised their target price on Twenty-First Century Fox from $53.00 to $54.00 and gave the stock an overweight rating in a research report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $50.00.
NASDAQ:FOXA traded up $0.18 during mid-day trading on Monday, reaching $50.61. The stock had a trading volume of 6,313,274 shares, compared to its average volume of 9,547,870. Twenty-First Century Fox has a fifty-two week low of $35.40 and a fifty-two week high of $51.27. The company has a market capitalization of $95.02 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.22 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.79 and a current ratio of 4.29.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.47 billion. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. As a group, sell-side analysts forecast that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Monday, April 8th will be paid a $0.18 dividend. The ex-dividend date is Friday, April 5th. This represents a dividend yield of 0.73%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 18.27%.
Several large investors have recently made changes to their positions in FOXA. Prime Capital Investment Advisors LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter worth about $26,000. Sontag Advisory LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter worth about $36,000. We Are One Seven LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter worth about $38,000. Athena Capital Advisors LLC acquired a new stake in Twenty-First Century Fox in the fourth quarter worth about $40,000. Finally, Moody National Bank Trust Division acquired a new stake in Twenty-First Century Fox in the fourth quarter worth about $49,000. Institutional investors own 50.93% of the company’s stock.
About Twenty-First Century Fox
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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