Twenty-First Century Fox, Inc. (FOXA) Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,799,326 shares of the company’s stock after selling 149,668 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Twenty-First Century Fox worth $47,466,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Capital Research Global Investors grew its holdings in shares of Twenty-First Century Fox by 20.2% during the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock worth $2,425,384,000 after buying an additional 14,398,422 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in shares of Twenty-First Century Fox by 19.6% during the second quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock worth $746,914,000 after buying an additional 4,315,548 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Twenty-First Century Fox by 17.4% during the second quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock worth $500,285,000 after buying an additional 2,621,748 shares in the last quarter. Boston Partners grew its holdings in shares of Twenty-First Century Fox by 19.4% during the second quarter. Boston Partners now owns 15,926,008 shares of the company’s stock worth $451,343,000 after buying an additional 2,592,039 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Twenty-First Century Fox by 8.7% during the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock worth $754,718,000 after buying an additional 2,140,568 shares in the last quarter. Institutional investors own 53.55% of the company’s stock.

FOXA has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating and set a $35.00 price objective (down from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, October 12th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Guggenheim restated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.35.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, beating the Zacks’ 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 return on equity of 22.46% and a net margin of 10.36%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th were paid a $0.18 dividend. The ex-dividend date was Tuesday, September 12th. This represents a dividend yield of 1.29%. Twenty-First Century Fox’s payout ratio is presently 22.64%.

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Twenty-First Century Fox 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.

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

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