Twenty-First Century Fox Inc. (FOXA) Stake Lowered by Seven Bridges Advisors LLC
Seven Bridges Advisors LLC decreased its stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,791 shares of the company’s stock after selling 667 shares during the period. Seven Bridges Advisors LLC’s holdings in Twenty-First Century Fox were worth $454,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in FOXA. Fiduciary Management Inc. WI bought a new stake in Twenty-First Century Fox during the first quarter valued at about $218,597,000. Wellington Management Group LLP boosted its position in Twenty-First Century Fox by 4.9% in the first quarter. Wellington Management Group LLP now owns 43,589,924 shares of the company’s stock valued at $1,215,287,000 after buying an additional 2,030,457 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Twenty-First Century Fox during the first quarter valued at $46,777,000. Franklin Resources Inc. boosted its position in Twenty-First Century Fox by 3.8% in the first quarter. Franklin Resources Inc. now owns 16,997,554 shares of the company’s stock valued at $473,897,000 after buying an additional 627,791 shares in the last quarter. Finally, Friess Associates LLC acquired a new position in Twenty-First Century Fox during the first quarter valued at $16,870,000. Institutional investors own 53.37% of the company’s stock.
Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded down 0.17% during midday trading on Tuesday, reaching $23.89. The company had a trading volume of 11,610,401 shares. Twenty-First Century Fox Inc. has a one year low of $22.66 and a one year high of $31.40. The stock’s 50 day moving average is $24.90 and its 200 day moving average is $27.61. The company has a market capitalization of $44.50 billion, a PE ratio of 16.87 and a beta of 1.33.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm earned $6.65 billion during the quarter, compared to analyst estimates of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Equities research analysts forecast that Twenty-First Century Fox Inc. will post $1.92 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be paid a $0.18 dividend. This is a positive change from Twenty-First Century Fox’s previous dividend of $0.15. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is 25.35%.
Several research firms recently weighed in on FOXA. Sanford C. Bernstein reissued a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, June 7th. TheStreet cut Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Credit Suisse Group AG boosted their price objective on Twenty-First Century Fox from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Twenty-First Century Fox in a research report on Friday, May 27th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.61.
Twenty-First Century Fox Company Profile
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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