Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) have earned a consensus rating of “Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.64.
FOXA has been the topic of several research analyst reports. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th.
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Shares of Twenty-First Century Fox (NASDAQ FOXA) traded up 0.38% on Friday, reaching $26.41. The company’s stock had a trading volume of 8,691,272 shares. The company’s 50 day moving average is $26.66 and its 200-day moving average is $27.80. Twenty-First Century Fox has a 1-year low of $25.14 and a 1-year high of $32.60. The firm has a market cap of $48.89 billion, a price-to-earnings ratio of 16.65 and a beta of 1.26.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. 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 company earned $0.45 earnings per share. Equities research analysts expect that Twenty-First Century Fox will post $2.02 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.
Hedge funds have recently modified their holdings of the business. Grove Bank & Trust boosted its holdings in shares of Twenty-First Century Fox by 1,328.3% in the 2nd quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after purchasing an additional 3,520 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in shares of Twenty-First Century Fox in the 3rd quarter valued at $113,000. State of Alaska Department of Revenue boosted its holdings in shares of Twenty-First Century Fox by 4.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after purchasing an additional 200 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of Twenty-First Century Fox by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after purchasing an additional 451 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Twenty-First Century Fox by 76.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,409 shares of the company’s stock valued at $153,000 after purchasing an additional 2,336 shares in the last quarter. 53.31% of the stock is currently 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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