Rafferty Asset Management LLC reduced its stake in Twenty-First Century Fox Inc. (NASDAQ:FOX) by 25.9% during the second quarter, Holdings Channel reports. The institutional investor owned 10,240 shares of the company’s stock after selling 3,574 shares during the period. Rafferty Asset Management LLC’s holdings in Twenty-First Century Fox were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in Twenty-First Century Fox by 17.3% in the second quarter. Signaturefd LLC now owns 4,410 shares of the company’s stock worth $120,000 after buying an additional 650 shares during the last quarter. Creative Planning raised its stake in Twenty-First Century Fox by 53.2% in the second quarter. Creative Planning now owns 4,702 shares of the company’s stock worth $128,000 after buying an additional 1,633 shares during the last quarter. Bessemer Group Inc. raised its stake in Twenty-First Century Fox by 361.3% in the first quarter. Bessemer Group Inc. now owns 5,683 shares of the company’s stock worth $160,000 after buying an additional 4,451 shares during the last quarter. IBM Retirement Fund raised its stake in Twenty-First Century Fox by 4.8% in the second quarter. IBM Retirement Fund now owns 8,536 shares of the company’s stock worth $302,000 after buying an additional 390 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in Twenty-First Century Fox by 9.7% in the second quarter. Capstone Asset Management Co. now owns 9,950 shares of the company’s stock worth $271,000 after buying an additional 880 shares during the last quarter. 21.65% of the stock is owned by institutional investors.

Shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) traded down 0.17% during midday trading on Wednesday, hitting $24.20. The stock had a trading volume of 2,724,416 shares. The stock has a market cap of $45.07 billion, a PE ratio of 17.09 and a beta of 1.30. Twenty-First Century Fox Inc. has a 52-week low of $22.65 and a 52-week high of $31.58. The firm has a 50 day moving average price of $25.39 and a 200-day moving average price of $27.87.

The company also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be given a $0.18 dividend. The ex-dividend date is Monday, September 12th. Twenty-First Century Fox’s payout ratio is 25.35%.

A number of analysts have commented on the company. Zacks Investment Research raised Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Monday. Argus restated a “hold” rating on shares of Twenty-First Century Fox in a research note on Wednesday, August 17th. Citigroup Inc. restated a “buy” rating and issued a $31.00 price target (down from $32.00) on shares of Twenty-First Century Fox in a research note on Tuesday, August 16th. Barclays PLC restated an “equal weight” rating and issued a $29.00 price target (down from $33.00) on shares of Twenty-First Century Fox in a research note on Wednesday, August 10th. Finally, FBR & Co restated a “market perform” rating and issued a $38.00 price target (down from $42.00) on shares of Twenty-First Century Fox in a research note on Friday, August 5th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $32.30.

In other news, insider Jeffrey W. Ubben bought 3,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average cost of $26.06 per share, with a total value of $78,180,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 39.40% of the stock is owned by corporate insiders.

About Twenty-First Century Fox

Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.

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