Twenty-First Century Fox Inc. (NASDAQ:FOXA)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research note issued to investors on Friday.
A number of other brokerages also recently commented on FOXA. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 21st. Sanford C. Bernstein restated a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, June 7th. Citigroup Inc. cut their price objective on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, August 15th. Barclays PLC downgraded shares of Twenty-First Century Fox from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $33.00 to $29.00 in a research report on Monday, August 8th. Finally, Deutsche Bank AG cut their price target on shares of Twenty-First Century Fox from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.61.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 0.75% during midday trading on Friday, reaching $24.22. 9,680,353 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $24.48 and its 200 day moving average price is $27.40. The stock has a market capitalization of $45.11 billion, a P/E ratio of 17.10 and a beta of 1.33. Twenty-First Century Fox has a 1-year low of $22.66 and a 1-year high of $31.40.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. The company earned $6.65 billion during the quarter, compared to the consensus estimate of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. Twenty-First Century Fox’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, equities analysts predict that Twenty-First Century Fox will post $1.92 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. This is a positive change from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 25.35%.
Hedge funds have recently bought and sold shares of the stock. Iowa State Bank purchased a new stake in Twenty-First Century Fox during the second quarter worth about $126,000. Capital Analysts LLC raised its stake in Twenty-First Century Fox by 38.6% in the second quarter. Capital Analysts LLC now owns 4,699 shares of the company’s stock worth $192,000 after buying an additional 1,309 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Twenty-First Century Fox by 5,109.9% in the second quarter. Johnson Financial Group Inc. now owns 4,741 shares of the company’s stock worth $128,000 after buying an additional 4,650 shares in the last quarter. SevenBridge Financial Group LLC purchased a new stake in Twenty-First Century Fox during the second quarter worth about $166,000. Finally, Quadrant Capital Group LLC raised its stake in Twenty-First Century Fox by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 6,713 shares of the company’s stock worth $171,000 after buying an additional 159 shares in the last quarter. Institutional investors own 53.31% of the company’s stock.
Twenty-First Century Fox Company Profile
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.
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