Moffett Nathanson began coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $51.00 price target on the stock.
Other research analysts also recently issued research reports about the company. UBS Group increased their price target on Twenty-First Century Fox to $52.00 and gave the company a neutral rating in a report on Wednesday, March 13th. Buckingham Research increased their price target on Twenty-First Century Fox from $52.00 to $54.00 and gave the company a buy rating in a report on Monday, February 25th. Vertical Group raised Twenty-First Century Fox from a hold rating to a buy rating in a report on Monday, February 4th. Zacks Investment Research downgraded Twenty-First Century Fox from a buy rating to a hold rating in a report on Thursday, January 24th. Finally, Wolfe Research began coverage on Twenty-First Century Fox in a report on Friday, December 7th. They issued an outperform rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $51.00.
Shares of NASDAQ FOXA opened at $52.01 on Friday. Twenty-First Century Fox has a 1-year low of $35.40 and a 1-year high of $52.05. The company has a quick ratio of 3.79, a current ratio of 4.29 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $96.58 billion, a PE ratio of 26.40, a P/E/G ratio of 2.21 and a beta of 0.97.
The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.18 per share. This represents a yield of 0.73%. The ex-dividend date is Friday, April 5th. Twenty-First Century Fox’s payout ratio is currently 18.27%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MUFG Securities EMEA plc raised its stake in Twenty-First Century Fox by 1,852.8% during the fourth quarter. MUFG Securities EMEA plc now owns 558,000 shares of the company’s stock valued at $26,851,000 after buying an additional 529,425 shares in the last quarter. Norges Bank acquired a new stake in Twenty-First Century Fox during the fourth quarter valued at approximately $98,035,000. Coldstream Capital Management Inc. acquired a new stake in Twenty-First Century Fox during the fourth quarter valued at approximately $210,000. FMR LLC raised its stake in Twenty-First Century Fox by 15.2% during the fourth quarter. FMR LLC now owns 33,154,386 shares of the company’s stock valued at $1,595,388,000 after buying an additional 4,364,397 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Twenty-First Century Fox during the fourth quarter valued at approximately $1,006,000. Hedge funds and other institutional investors own 49.79% of the company’s stock.
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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