Dowling & Yahnke LLC cut its position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 7.1% during the second quarter, Holdings Channel reports. The institutional investor owned 57,223 shares of the company’s stock after selling 4,380 shares during the period. Dowling & Yahnke LLC’s holdings in Twenty-First Century Fox were worth $1,622,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FOXA. Vanguard Group Inc. raised its stake in shares of Twenty-First Century Fox by 1.2% in the first quarter. Vanguard Group Inc. now owns 67,302,155 shares of the company’s stock worth $2,179,917,000 after buying an additional 800,751 shares in the last quarter. BlackRock Inc. raised 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 worth $1,871,155,000 after buying an additional 55,150,610 shares in the last quarter. State Street Corp raised its stake in shares of Twenty-First Century Fox by 2.6% in the first quarter. State Street Corp now owns 45,901,829 shares of the company’s stock worth $1,486,981,000 after buying an additional 1,152,570 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Twenty-First Century Fox by 4.4% in the first quarter. Wellington Management Group LLP now owns 34,076,667 shares of the company’s stock worth $1,103,742,000 after buying an additional 1,437,559 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its stake in shares of 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 in the last quarter. 53.79% of the stock is owned by institutional investors.

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) opened at 28.21 on Tuesday. Twenty-First Century Fox, Inc. has a 12-month low of $23.33 and a 12-month high of $32.60. The firm has a market cap of $52.30 billion, a price-to-earnings ratio of 17.79 and a beta of 1.27. The stock’s 50 day moving average is $28.20 and its 200-day moving average is $29.32.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same quarter last year, the firm earned $0.45 EPS. Twenty-First Century Fox’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts anticipate that Twenty-First Century Fox, Inc. will post $2.03 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s payout ratio is 22.64%.

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A number of analysts have recently weighed in on FOXA shares. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Moffett Nathanson reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research note on Friday, June 9th. ValuEngine raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Pivotal Research reaffirmed a “buy” rating and issued a $37.00 price target (up from $36.00) on shares of Twenty-First Century Fox in a research note on Sunday, April 23rd. Finally, Royal Bank Of Canada set a $33.00 price target on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.23.

Twenty-First Century Fox Company Profile

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

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