Millennium Management LLC boosted its position in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 53.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 929,836 shares of the company’s stock after purchasing an additional 321,968 shares during the quarter. Millennium Management LLC owned 0.05% of Twenty-First Century Fox worth $46,204,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hound Partners LLC acquired a new position in shares of Twenty-First Century Fox in the first quarter valued at approximately $623,227,000. Egerton Capital UK LLP boosted its holdings in Twenty-First Century Fox by 93.4% during the second quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock worth $1,333,357,000 after purchasing an additional 12,957,606 shares during the last quarter. Morgan Stanley boosted its holdings in Twenty-First Century Fox by 48.6% during the second quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock worth $1,092,706,000 after purchasing an additional 7,189,693 shares during the last quarter. Arrowgrass Capital Partners US LP acquired a new position in Twenty-First Century Fox during the second quarter worth $147,582,000. Finally, OZ Management LP acquired a new position in Twenty-First Century Fox during the first quarter worth $84,991,000. Hedge funds and other institutional investors own 54.11% of the company’s stock.
Several analysts have issued reports on FOXA shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Twenty-First Century Fox in a research report on Friday, August 10th. ValuEngine lowered shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. Buckingham Research dropped their price objective on shares of Twenty-First Century Fox to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, August 7th. B. Riley increased their price objective on shares of Twenty-First Century Fox from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.93.
Shares of FOXA traded up $0.25 during mid-day trading on Friday, reaching $45.36. The company had a trading volume of 7,267,867 shares, compared to its average volume of 11,229,235. Twenty-First Century Fox Inc has a 1-year low of $24.81 and a 1-year high of $50.15. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The company has a market cap of $85.83 billion, a P/E ratio of 23.03, a PEG ratio of 2.39 and a beta of 1.30.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.52 billion. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. On average, equities analysts forecast that Twenty-First Century Fox Inc will post 2.04 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 18.27%.
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.
Read More: What is a conference call?
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.