Pitcairn Co. reduced its position in shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 51.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,095 shares of the company’s stock after selling 33,512 shares during the period. Pitcairn Co.’s holdings in Twenty-First Century Fox were worth $868,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Iowa State Bank acquired a new stake in shares of Twenty-First Century Fox during the second quarter valued at about $126,000. Capital Analysts LLC raised its stake in shares of Twenty-First Century Fox by 38.6% in the second quarter. Capital Analysts LLC now owns 4,699 shares of the company’s stock valued at $192,000 after buying an additional 1,309 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Twenty-First Century Fox by 6.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,156 shares of the company’s stock valued at $201,000 after buying an additional 434 shares during the period. Atria Investments LLC acquired a new stake in shares of Twenty-First Century Fox during the second quarter valued at about $206,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Twenty-First Century Fox during the first quarter valued at about $214,000. 53.37% of the stock is currently owned by institutional investors.

Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded down 0.17% on Tuesday, reaching $23.89. 11,610,401 shares of the company’s stock were exchanged. The company has a market cap of $44.50 billion, a price-to-earnings ratio of 16.87 and a beta of 1.33. Twenty-First Century Fox Inc. has a 52 week low of $22.66 and a 52 week high of $31.40. The stock’s 50 day moving average is $24.90 and its 200 day moving average is $27.61.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. Twenty-First Century Fox had a return on equity of 21.63% and a net margin of 10.08%. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the business earned $0.39 earnings per share. Twenty-First Century Fox’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Twenty-First Century Fox Inc. will post $1.92 earnings per share for the current year.

The business also recently declared 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. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 25.35%.

Several brokerages have issued reports on FOXA. Sanford C. Bernstein reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, June 7th. TheStreet lowered shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Credit Suisse Group AG boosted their price target on shares of Twenty-First Century Fox from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, June 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Twenty-First Century Fox in a report on Friday, May 27th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Twenty-First Century Fox has a consensus rating of “Buy” and a consensus price target of $31.61.

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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