Twenty-First Century Fox Inc (FOXA) Earns “Buy” Rating from Guggenheim

Guggenheim restated their buy rating on shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) in a research note issued to investors on Friday, April 14th. They currently have a $35.00 target price on the stock, up from their prior target price of $34.00.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Twenty-First Century Fox from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Wednesday, December 28th. BMO Capital Markets reiterated a buy rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research note on Wednesday, January 18th. Jefferies Group LLC reiterated a buy rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research note on Monday, January 16th. Pivotal Research restated a buy rating and set a $36.00 price objective on shares of Twenty-First Century Fox in a research report on Thursday, January 12th. Finally, Moffett Nathanson upgraded shares of Twenty-First Century Fox from a neutral rating to a buy rating in a research report on Wednesday, February 1st. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $33.52.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. Twenty-First Century Fox had a net margin of 10.99% and a return on equity of 24.05%. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.63 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. Twenty-First Century Fox’s quarterly revenue was up 4.6% on a year-over-year basis.

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Several institutional investors have recently bought and sold shares of FOXA. Dodge & Cox bought a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at approximately $1,932,490,000. BlackRock Inc. raised its stake in shares of Twenty-First Century Fox by 2,105.9% in the first quarter. BlackRock Inc. now owns 57,769,482 shares of the company’s stock valued at $1,871,155,000 after buying an additional 55,150,610 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at approximately $871,660,000. Independent Franchise Partners LLP bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at approximately $496,728,000. Finally, Boston Partners raised its stake in shares of Twenty-First Century Fox by 7,703.5% in the first quarter. Boston Partners now owns 13,333,969 shares of the company’s stock valued at $431,887,000 after buying an additional 13,163,097 shares during the last quarter. 54.50% of the stock is owned by hedge funds and other institutional investors.

About Twenty-First Century Fox

Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

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