Jupiter Asset Management Ltd. Takes Position in Twenty-First Century Fox, Inc. (FOXA)
Jupiter Asset Management Ltd. acquired a new position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 240,690 shares of the company’s stock, valued at approximately $6,749,000.
Other institutional investors also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Twenty-First Century Fox during the fourth quarter worth approximately $871,660,000. Independent Franchise Partners LLP acquired a new stake in Twenty-First Century Fox during the third quarter worth approximately $496,728,000. Yacktman Asset Management LP increased its stake in Twenty-First Century Fox by 18.8% in the third quarter. Yacktman Asset Management LP now owns 47,597,094 shares of the company’s stock worth $1,152,802,000 after buying an additional 7,533,408 shares in the last quarter. Capital Research Global Investors increased its stake in Twenty-First Century Fox by 8.4% in the third quarter. Capital Research Global Investors now owns 57,390,778 shares of the company’s stock worth $1,390,005,000 after buying an additional 4,436,459 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Twenty-First Century Fox during the third quarter worth approximately $90,122,000. Hedge funds and other institutional investors own 54.50% of the company’s stock.
Twenty-First Century Fox, Inc. (NASDAQ:FOXA) traded down 0.344% during mid-day trading on Friday, hitting $30.405. The stock had a trading volume of 1,175,187 shares. The firm has a market cap of $56.27 billion, a PE ratio of 18.528 and a beta of 1.31. The company has a 50-day moving average of $30.14 and a 200-day moving average of $27.01. Twenty-First Century Fox, Inc. has a 12-month low of $23.33 and a 12-month high of $31.75.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Monday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. The firm earned $7.68 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Twenty-First Century Fox, Inc. will post $1.92 earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, March 15th will be issued a $0.18 dividend. This is an increase from Twenty-First Century Fox’s previous semiannual dividend of $0.15. This represents a yield of 1.18%. The ex-dividend date of this dividend is Monday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 21.95%.
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A number of research firms have commented on FOXA. Wedbush reduced their target price on Twenty-First Century Fox from $33.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 13th. Brean Capital restated a “hold” rating on shares of Twenty-First Century Fox in a research report on Thursday, November 3rd. Credit Suisse Group restated an “outperform” rating and issued a $37.00 target price (up previously from $34.00) on shares of Twenty-First Century Fox in a research report on Tuesday, January 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Monday, January 16th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $33.39.
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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