Russell Investments Group Ltd. Sells 26,097 Shares of Twenty-First Century Fox, Inc. (FOX)

Russell Investments Group Ltd. reduced its stake in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 38.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,200 shares of the company’s stock after selling 26,097 shares during the quarter. Russell Investments Group Ltd.’s holdings in Twenty-First Century Fox were worth $1,149,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in Twenty-First Century Fox by 3.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 896,584 shares of the company’s stock valued at $28,493,000 after acquiring an additional 25,866 shares in the last quarter. Stifel Financial Corp raised its position in Twenty-First Century Fox by 0.8% during the first quarter. Stifel Financial Corp now owns 40,876 shares of the company’s stock valued at $1,295,000 after acquiring an additional 344 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its position in Twenty-First Century Fox by 27.8% during the first quarter. NINE MASTS CAPITAL Ltd now owns 1,402,254 shares of the company’s stock valued at $44,564,000 after acquiring an additional 304,666 shares in the last quarter. Rockshelter Capital Management LLC raised its position in Twenty-First Century Fox by 1.6% during the first quarter. Rockshelter Capital Management LLC now owns 226,067 shares of the company’s stock valued at $7,225,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Bank of Nova Scotia raised its position in Twenty-First Century Fox by 936.9% during the first quarter. Bank of Nova Scotia now owns 111,570 shares of the company’s stock valued at $3,546,000 after acquiring an additional 100,810 shares in the last quarter. Institutional investors own 23.27% of the company’s stock.

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Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) traded down 0.24% during mid-day trading on Tuesday, reaching $25.43. The company’s stock had a trading volume of 1,268,951 shares. The company’s 50 day moving average price is $27.35 and its 200-day moving average price is $28.42. The company has a market capitalization of $47.07 billion, a price-to-earnings ratio of 16.03 and a beta of 1.20. Twenty-First Century Fox, Inc. has a 1-year low of $23.88 and a 1-year high of $31.94.

Twenty-First Century Fox (NASDAQ:FOX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $6.75 billion for the quarter. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.47%. During the same period in the previous year, the company posted $0.45 earnings per share. Analysts predict that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is 22.64%.

FOX has been the topic of several research analyst reports. BidaskClub raised Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. TheStreet raised Twenty-First Century Fox from a “c+” rating to a “b-” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Twenty-First Century Fox has a consensus rating of “Hold” and a consensus target price of $33.00.

In other news, CEO James R. Murdoch sold 111,713 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $27.94, for a total transaction of $3,121,261.22. Following the completion of the transaction, the chief executive officer now directly owns 234,236 shares of the company’s stock, valued at approximately $6,544,553.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David F. Devoe sold 30,149 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $28.01, for a total value of $844,473.49. Following the transaction, the director now directly owns 55,647 shares of the company’s stock, valued at $1,558,672.47. The disclosure for this sale can be found here. Corporate insiders own 39.40% of the company’s stock.

Twenty-First Century Fox Profile

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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Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOX)

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