Country Trust Bank Decreases Holdings in Twenty-First Century Fox Inc (FOXA)
Country Trust Bank cut its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 926,411 shares of the company’s stock after selling 25,253 shares during the quarter. Twenty-First Century Fox accounts for 1.4% of Country Trust Bank’s portfolio, making the stock its 29th biggest holding. Country Trust Bank’s holdings in Twenty-First Century Fox were worth $31,989,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. DnB Asset Management AS boosted its position in Twenty-First Century Fox by 25.3% during the 4th quarter. DnB Asset Management AS now owns 142,850 shares of the company’s stock worth $4,933,000 after acquiring an additional 28,800 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Twenty-First Century Fox by 37.7% during the 3rd quarter. Prudential Financial Inc. now owns 2,365,808 shares of the company’s stock valued at $62,410,000 after buying an additional 647,790 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Twenty-First Century Fox by 21.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,954,527 shares of the company’s stock valued at $77,940,000 after buying an additional 523,740 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Twenty-First Century Fox by 8.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after buying an additional 3,018,013 shares during the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at about $243,000. Hedge funds and other institutional investors own 54.41% of the company’s stock.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) traded down $0.94 during mid-day trading on Thursday, hitting $35.60. The company had a trading volume of 16,875,600 shares, compared to its average volume of 10,866,942. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73. Twenty-First Century Fox Inc has a 1-year low of $24.81 and a 1-year high of $36.96. The company has a market cap of $66,060.00, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.22 and a beta of 1.44.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period last year, the business earned $0.51 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. sell-side analysts predict that Twenty-First Century Fox Inc will post 1.98 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on FOXA. Jefferies Group reiterated a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, November 22nd. B. Riley lifted their price target on Twenty-First Century Fox from $29.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, November 17th. Piper Jaffray Companies set a $40.00 price target on Twenty-First Century Fox and gave the company a “buy” rating in a report on Saturday, December 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $34.00 price target (down from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.84.
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About Twenty-First Century Fox
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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