Vident Investment Advisory LLC reduced its position in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,372 shares of the company’s stock after selling 2,313 shares during the quarter. Vident Investment Advisory LLC’s holdings in Twenty-First Century Fox were worth $669,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Fort L.P. raised its holdings in shares of Twenty-First Century Fox by 831.1% in the third quarter. Fort L.P. now owns 274,233 shares of the company’s stock valued at $7,234,000 after acquiring an additional 244,781 shares in the last quarter. KBC Group NV raised its holdings in shares of Twenty-First Century Fox by 0.6% in the third quarter. KBC Group NV now owns 930,207 shares of the company’s stock valued at $24,538,000 after acquiring an additional 5,364 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Twenty-First Century Fox by 37.7% in the third quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after acquiring an additional 647,790 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of Twenty-First Century Fox by 25.3% in the fourth quarter. DnB Asset Management AS now owns 142,850 shares of the company’s stock valued at $4,933,000 after acquiring an additional 28,800 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of Twenty-First Century Fox in the fourth quarter valued at about $311,000. Hedge funds and other institutional investors own 53.77% of the company’s stock.
Several research firms recently weighed in on FOXA. B. Riley upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $46.00 in a report on Tuesday, January 16th. BMO Capital Markets downgraded Twenty-First Century Fox from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a report on Monday, December 18th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Piper Jaffray Companies set a $40.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a report on Saturday, December 16th. Finally, Atlantic Securities upgraded Twenty-First Century Fox from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and an average target price of $38.53.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 7th. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $8.04 billion during the quarter, compared to the consensus estimate of $7.94 billion. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. equities analysts predict that Twenty-First Century Fox Inc will post 2.04 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a yield of 0.00503778337531486%. Twenty-First Century Fox’s dividend payout ratio is presently 16.82%.
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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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