Oppenheimer Asset Management Inc. purchased a new position in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,453 shares of the company’s stock, valued at approximately $70,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Twenty-First Century Fox by 47.2% during the 3rd quarter. Vanguard Group Inc. now owns 106,152,247 shares of the company’s stock worth $4,901,046,000 after acquiring an additional 34,038,507 shares during the last quarter. Vanguard Group Inc grew its position in shares of Twenty-First Century Fox by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 72,845,313 shares of the company’s stock worth $3,374,922,000 after buying an additional 731,573 shares during the last quarter. BlackRock Inc. grew its position in shares of Twenty-First Century Fox by 4.0% in the 3rd quarter. BlackRock Inc. now owns 62,450,677 shares of the company’s stock worth $2,893,340,000 after buying an additional 2,385,303 shares during the last quarter. Baupost Group LLC MA grew its position in shares of Twenty-First Century Fox by 31.9% in the 3rd quarter. Baupost Group LLC MA now owns 52,001,167 shares of the company’s stock worth $2,409,214,000 after buying an additional 12,585,338 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its position in shares of Twenty-First Century Fox by 11.0% in the 3rd quarter. Independent Franchise Partners LLP now owns 28,962,748 shares of the company’s stock worth $1,341,844,000 after buying an additional 2,880,981 shares during the last quarter. Institutional investors and hedge funds own 50.93% of the company’s stock.
FOXA has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Twenty-First Century Fox in a research report on Monday, November 5th. They issued an “outperform” rating and a $52.00 price objective on the stock. Pivotal Research reiterated a “hold” rating and issued a $45.00 price objective on shares of Twenty-First Century Fox in a research report on Thursday, November 8th. Morgan Stanley lifted their price objective on Twenty-First Century Fox from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Gabelli reiterated a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, November 27th. Finally, Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $49.85.
FOXA opened at $50.77 on Thursday. The company has a market capitalization of $93.83 billion, a PE ratio of 25.77, a PEG ratio of 2.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.29 and a quick ratio of 3.79. Twenty-First Century Fox Inc has a 52 week low of $35.40 and a 52 week high of $50.79.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, February 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.47 billion. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. As a group, research analysts expect that Twenty-First Century Fox Inc will post 1.98 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Monday, April 8th will be paid a $0.18 dividend. This represents a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, April 5th. Twenty-First Century Fox’s payout ratio is presently 18.27%.
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About Twenty-First Century Fox
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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