Twenty-First Century Fox Inc. (FOX) Rating Increased to Hold at Zacks Investment Research
Twenty-First Century Fox Inc. (NASDAQ:FOX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Twenty-First Century Fox, Inc. is involved in creating and distributing media services. Its business portfolio consists of cable, broadcast, film, pay TV and satellite assets. Twenty-First Century Fox, Inc., formerly known as News Corporation, is based in New York, United States. “
Several other equities research analysts also recently weighed in on FOX. Pivotal Research reaffirmed a “buy” rating and set a $34.00 price target (down from $36.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $31.00 price target (down from $32.00) on shares of Twenty-First Century Fox in a research report on Tuesday, August 16th. Barclays PLC reaffirmed an “equal weight” rating and set a $29.00 price target (down from $33.00) on shares of Twenty-First Century Fox in a research report on Wednesday, August 10th. Argus reaffirmed a “hold” rating on shares of Twenty-First Century Fox in a research report on Wednesday, August 17th. Finally, Brean Capital began coverage on shares of Twenty-First Century Fox in a research note on Thursday, July 7th. They set a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and an average price target of $32.30.
Twenty-First Century Fox (NASDAQ:FOX) opened at 24.24 on Monday. Twenty-First Century Fox has a 52-week low of $22.65 and a 52-week high of $31.58. The company’s 50-day moving average price is $25.39 and its 200-day moving average price is $27.87. The company has a market cap of $45.15 billion, a price-to-earnings ratio of 17.12 and a beta of 1.30.
The firm also recently announced a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is 25.35%.
In other Twenty-First Century Fox news, insider Jeffrey W. Ubben bought 3,000,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were acquired at an average cost of $26.06 per share, with a total value of $78,180,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 39.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FOX. Fiduciary Management Inc. WI acquired a new position in Twenty-First Century Fox during the first quarter worth $160,372,000. Norges Bank acquired a new position in Twenty-First Century Fox during the fourth quarter worth $92,177,000. Vanguard Group Inc. raised its position in Twenty-First Century Fox by 34.3% in the second quarter. Vanguard Group Inc. now owns 10,389,777 shares of the company’s stock worth $283,121,000 after buying an additional 2,655,094 shares during the period. Foxhaven Asset Management LP raised its position in Twenty-First Century Fox by 57.2% in the first quarter. Foxhaven Asset Management LP now owns 2,705,628 shares of the company’s stock worth $76,299,000 after buying an additional 984,192 shares during the period. Finally, State Street Corp raised its position in Twenty-First Century Fox by 5.2% in the first quarter. State Street Corp now owns 16,905,527 shares of the company’s stock worth $476,730,000 after buying an additional 841,304 shares during the period. 21.65% of the stock is currently owned by institutional investors and hedge funds.
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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