Royal London Asset Management Ltd. purchased a new stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 432,956 shares of the company’s stock, valued at approximately $21,544,000.
Other institutional investors also recently bought and sold shares of the company. Kaizen Advisory LLC increased its holdings in shares of Twenty-First Century Fox by 121.8% during the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock valued at $113,000 after acquiring an additional 1,251 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Twenty-First Century Fox during the second quarter valued at approximately $115,000. Nelson Roberts Investment Advisors LLC bought a new stake in shares of Twenty-First Century Fox during the second quarter valued at approximately $122,000. Sun Life Financial INC increased its holdings in shares of Twenty-First Century Fox by 1,522.7% during the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock valued at $142,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Twenty-First Century Fox during the first quarter valued at approximately $157,000. 54.11% of the stock is currently owned by institutional investors.
Shares of NASDAQ FOXA traded up $0.25 during trading on Friday, reaching $45.36. 7,267,867 shares of the stock traded hands, compared to its average volume of 11,229,235. Twenty-First Century Fox Inc has a 52-week low of $24.81 and a 52-week high of $50.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.35 and a quick ratio of 1.90. The stock has a market capitalization of $85.83 billion, a PE ratio of 23.03, a P/E/G ratio of 2.39 and a beta of 1.30.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Twenty-First Century Fox had a return on equity of 18.71% and a net margin of 14.68%. The firm had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts expect that Twenty-First Century Fox Inc will post 2.04 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Tuesday, September 11th. This represents a dividend yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio is presently 18.27%.
Several brokerages recently issued reports on FOXA. Credit Suisse Group began coverage on Twenty-First Century Fox in a report on Tuesday, July 10th. They set an “overweight” rating and a $57.00 price target for the company. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday. Cowen reiterated a “hold” rating and set a $48.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, August 1st. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price target on shares of Twenty-First Century Fox in a report on Friday, August 10th. Finally, Royal Bank of Canada downgraded Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $45.00 to $49.00 in a report on Thursday, August 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.93.
Twenty-First Century Fox 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.
Featured Article: What are the reasons investors use put options?
Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.