Jefferies Group LLC reaffirmed their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a report issued on Saturday, July 22nd. Jefferies Group LLC currently has a $35.00 price objective on the stock. Jefferies Group also issued estimates for Twenty-First Century Fox’s Q2 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.53 EPS and FY2020 earnings at $2.54 EPS.
A number of other analysts have also recently weighed in on the stock. Guggenheim reaffirmed a buy rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Twenty-First Century Fox from a hold rating to a sell rating in a research report on Tuesday, July 11th. Cowen and Company reaffirmed a hold rating and set a $33.00 price target on shares of Twenty-First Century Fox in a research report on Tuesday, July 11th. ValuEngine raised shares of Twenty-First Century Fox from a hold rating to a buy rating in a research report on Thursday, July 6th. Finally, Morgan Stanley reaffirmed an overweight rating on shares of Twenty-First Century Fox in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $33.35.
Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.33% on Friday, hitting $27.26. The stock had a trading volume of 4,691,214 shares. The firm has a market cap of $50.46 billion, a price-to-earnings ratio of 17.19 and a beta of 1.27. Twenty-First Century Fox has a one year low of $23.33 and a one year high of $32.60. The company’s 50-day moving average price is $28.15 and its 200 day moving average price is $29.24.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Twenty-First Century Fox will post $2.03 earnings per share for the current year.
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The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a dividend yield of 1.29%. Twenty-First Century Fox’s payout ratio is currently 22.64%.
Several hedge funds and other institutional investors have recently bought and sold shares of FOXA. Advisory Services Network LLC bought a new position in Twenty-First Century Fox during the first quarter worth approximately $106,000. Grove Bank & Trust boosted its stake in shares of Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after buying an additional 3,520 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock worth $124,000 after buying an additional 697 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Twenty-First Century Fox during the first quarter worth $134,000. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock worth $142,000 after buying an additional 2,064 shares during the last quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.
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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