Elkfork Partners LLC Has $406,000 Position in Twenty-First Century Fox Inc (FOX)
Elkfork Partners LLC lessened its holdings in Twenty-First Century Fox Inc (NASDAQ:FOX) by 18.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,904 shares of the company’s stock after selling 2,616 shares during the period. Elkfork Partners LLC’s holdings in Twenty-First Century Fox were worth $406,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. State of Wisconsin Investment Board grew its position in Twenty-First Century Fox by 59.6% in the 4th quarter. State of Wisconsin Investment Board now owns 9,118,923 shares of the company’s stock worth $311,138,000 after purchasing an additional 3,403,966 shares in the last quarter. Pentwater Capital Management LP bought a new stake in Twenty-First Century Fox in the 4th quarter worth about $92,923,000. Manikay Partners LLC grew its position in Twenty-First Century Fox by 59.3% in the 4th quarter. Manikay Partners LLC now owns 2,350,000 shares of the company’s stock worth $80,182,000 after purchasing an additional 875,000 shares in the last quarter. BlackRock Inc. grew its position in Twenty-First Century Fox by 3.5% in the 4th quarter. BlackRock Inc. now owns 25,798,234 shares of the company’s stock worth $880,235,000 after purchasing an additional 871,395 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Twenty-First Century Fox by 28.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 3,344,543 shares of the company’s stock worth $114,116,000 after purchasing an additional 749,839 shares in the last quarter. Institutional investors own 24.31% of the company’s stock.
FOX has been the subject of a number of recent analyst reports. BidaskClub raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Loop Capital started coverage on shares of Twenty-First Century Fox in a research report on Friday, March 16th. They set a “buy” rating and a $43.00 target price for the company. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $37.00.
Twenty-First Century Fox (NASDAQ:FOX) last released its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The firm had revenue of $8.04 billion during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 16.82%.
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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