Clark Estates Inc. NY decreased its stake in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 949,000 shares of the company’s stock after selling 50,000 shares during the period. Twenty-First Century Fox accounts for about 4.6% of Clark Estates Inc. NY’s portfolio, making the stock its 5th largest position. Clark Estates Inc. NY owned about 0.05% of Twenty-First Century Fox worth $26,895,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in FOXA. State of Alaska Department of Revenue purchased a new stake in Twenty-First Century Fox during the first quarter valued at $134,000. Oakbrook Investments LLC boosted its stake in Twenty-First Century Fox by 91.9% in the first quarter. Oakbrook Investments LLC now owns 146,000 shares of the company’s stock valued at $4,729,000 after buying an additional 69,900 shares during the period. Hartford Financial Management Inc. boosted its stake in Twenty-First Century Fox by 2.4% in the first quarter. Hartford Financial Management Inc. now owns 46,575 shares of the company’s stock valued at $1,508,000 after buying an additional 1,108 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in Twenty-First Century Fox during the first quarter valued at $1,811,000. Finally, DnB Asset Management AS boosted its stake in Twenty-First Century Fox by 7.3% in the first quarter. DnB Asset Management AS now owns 117,150 shares of the company’s stock valued at $3,794,000 after buying an additional 8,000 shares during the period. 53.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Twenty-First Century Fox, Inc. (FOXA) opened at 27.88 on Friday. Twenty-First Century Fox, Inc. has a 12 month low of $23.33 and a 12 month high of $32.60. The company has a market cap of $51.69 billion, a price-to-earnings ratio of 17.52 and a beta of 1.27. The firm has a 50-day moving average of $28.13 and a 200 day moving average of $29.37.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.94%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, analysts expect that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current year.
The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio is currently 22.64%.
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FOXA has been the subject of several recent analyst reports. Guggenheim reiterated a “buy” rating and set a $35.00 price objective (up from $34.00) on shares of Twenty-First Century Fox in a research report on Friday, April 14th. Pivotal Research reiterated a “buy” rating and set a $37.00 price objective (up from $36.00) on shares of Twenty-First Century Fox in a research report on Sunday, April 23rd. Rosenblatt Securities upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, May 11th. FBR & Co decreased their price objective on shares of Twenty-First Century Fox from $34.00 to $31.00 and set a “mkt perform” rating for the company in a research report on Thursday, May 11th. Finally, ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $33.23.
Twenty-First Century Fox Company Profile
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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