Pictet Asset Management Ltd. cut its stake in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075,471 shares of the company’s stock after selling 15,500 shares during the period. Pictet Asset Management Ltd.’s holdings in Twenty-First Century Fox were worth $29,167,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Twenty-First Century Fox by 2,105.9% in the first quarter. BlackRock Inc. now owns 57,769,482 shares of the company’s stock valued at $1,871,155,000 after buying an additional 55,150,610 shares during the period. Boston Partners boosted its stake in Twenty-First Century Fox by 7,703.5% in the first quarter. Boston Partners now owns 13,333,969 shares of the company’s stock worth $431,887,000 after buying an additional 13,163,097 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in Twenty-First Century Fox by 19.6% in the second quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock worth $746,914,000 after buying an additional 4,315,548 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Twenty-First Century Fox by 217.9% in the first quarter. Alliancebernstein L.P. now owns 6,083,023 shares of the company’s stock worth $197,029,000 after buying an additional 4,169,322 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Twenty-First Century Fox by 132,582.5% in the first quarter. Point72 Asset Management L.P. now owns 2,653,649 shares of the company’s stock worth $85,952,000 after buying an additional 2,651,649 shares during the last quarter. 53.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) opened at 27.88 on Friday. Twenty-First Century Fox, Inc. has a 12 month low of $23.33 and a 12 month high of $32.60. The firm’s 50 day moving average is $28.13 and its 200 day moving average is $29.37. The stock has a market capitalization of $51.60 billion, a price-to-earnings ratio of 17.15 and a beta of 1.27.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.94% and a net margin of 10.36%. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be given a $0.18 dividend. This represents a yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio is presently 22.64%.

ILLEGAL ACTIVITY NOTICE: “Pictet Asset Management Ltd. Has $29.17 Million Position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA)” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/pictet-asset-management-ltd-has-29-17-million-position-in-twenty-first-century-fox-inc-nasdaqfoxa/1473052.html.

A number of research firms have weighed in on FOXA. Cowen and Company reissued a “market perform” rating and set a $32.00 price objective (down previously from $33.00) on shares of Twenty-First Century Fox in a report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Twenty-First Century Fox in a report on Thursday. Credit Suisse Group reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.15.

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.

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox, Inc. (NASDAQ:FOXA).

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

Receive News & Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.