Investors Buy Shares of Twenty-First Century Fox Inc Class A (FOXA) on Weakness

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Investors purchased shares of Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) on weakness during trading hours on Friday. $133.19 million flowed into the stock on the tick-up and $37.53 million flowed out of the stock on the tick-down, for a money net flow of $95.66 million into the stock. Of all equities tracked, Twenty-First Century Fox Inc Class A had the 3rd highest net in-flow for the day. Twenty-First Century Fox Inc Class A traded down ($0.29) for the day and closed at $45.38

FOXA has been the topic of several research analyst reports. Pivotal Research reiterated a “hold” rating and issued a $42.00 price target (up previously from $35.00) on shares of Twenty-First Century Fox Inc Class A in a research note on Wednesday, June 13th. Loop Capital boosted their price target on shares of Twenty-First Century Fox Inc Class A to $47.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. B. Riley boosted their price target on shares of Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. ValuEngine upgraded shares of Twenty-First Century Fox Inc Class A from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 26th. Finally, Buckingham Research initiated coverage on shares of Twenty-First Century Fox Inc Class A in a research note on Tuesday, June 26th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Twenty-First Century Fox Inc Class A has a consensus rating of “Buy” and an average price target of $44.00.

The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. The stock has a market cap of $84.25 billion, a PE ratio of 23.04, a PEG ratio of 2.31 and a beta of 1.26.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.52 billion. Twenty-First Century Fox Inc Class A had a net margin of 14.68% and a return on equity of 18.71%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. analysts forecast that Twenty-First Century Fox Inc Class A will post 2.07 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, September 12th will be given a dividend of $0.18 per share. This represents a dividend yield of 0.79%. The ex-dividend date is Tuesday, September 11th. Twenty-First Century Fox Inc Class A’s dividend payout ratio is 18.27%.

Several hedge funds and other institutional investors have recently made changes to their positions in FOXA. Dupont Capital Management Corp raised its position in shares of Twenty-First Century Fox Inc Class A by 22.4% during the 1st quarter. Dupont Capital Management Corp now owns 310,129 shares of the company’s stock valued at $11,379,000 after buying an additional 56,813 shares in the last quarter. NuWave Investment Management LLC grew its holdings in Twenty-First Century Fox Inc Class A by 67.9% during the 1st quarter. NuWave Investment Management LLC now owns 13,340 shares of the company’s stock valued at $485,000 after purchasing an additional 5,394 shares during the last quarter. Dowling & Yahnke LLC grew its holdings in Twenty-First Century Fox Inc Class A by 3.0% during the 1st quarter. Dowling & Yahnke LLC now owns 59,085 shares of the company’s stock valued at $2,168,000 after purchasing an additional 1,713 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Twenty-First Century Fox Inc Class A during the 1st quarter valued at about $285,000. Finally, Summit Securities Group LLC bought a new position in Twenty-First Century Fox Inc Class A during the 1st quarter valued at about $426,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

About Twenty-First Century Fox Inc Class A (NASDAQ:FOXA)

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

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