Wedge Capital Management L L P NC Increases Stake in Twenty-First Century Fox, Inc. (FOX)
Wedge Capital Management L L P NC increased its position in Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 13.6% during the second quarter, Holdings Channel reports. The firm owned 391,544 shares of the company’s stock after buying an additional 46,802 shares during the period. Wedge Capital Management L L P NC’s holdings in Twenty-First Century Fox were worth $10,912,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of FOX. Oppenheimer Asset Management Inc. acquired a new stake in shares of Twenty-First Century Fox during the first quarter worth about $105,000. Tredje AP fonden boosted its stake in shares of Twenty-First Century Fox by 64.7% in the first quarter. Tredje AP fonden now owns 3,531 shares of the company’s stock worth $113,000 after buying an additional 1,387 shares in the last quarter. Creative Planning boosted its stake in shares of Twenty-First Century Fox by 3.6% in the first quarter. Creative Planning now owns 4,188 shares of the company’s stock worth $133,000 after buying an additional 144 shares in the last quarter. Telos Capital Management Inc. acquired a new stake in shares of Twenty-First Century Fox during the first quarter worth about $218,000. Finally, Advisor Partners LLC acquired a new stake in shares of Twenty-First Century Fox during the first quarter worth about $228,000. 23.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Twenty-First Century Fox, Inc. (FOX) opened at 27.77 on Tuesday. The firm’s 50-day moving average is $27.86 and its 200-day moving average is $28.92. The company has a market capitalization of $51.49 billion, a PE ratio of 17.51 and a beta of 1.19. Twenty-First Century Fox, Inc. has a 12-month low of $23.88 and a 12-month high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.47%. The business had revenue of $6.75 billion during the quarter. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, equities research analysts anticipate that Twenty-First Century Fox, Inc. will post $2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.72 annualized dividend and a yield of 2.59%. Twenty-First Century Fox’s payout ratio is currently 22.64%.
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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Tuesday, June 13th. BidaskClub upgraded shares of Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, TheStreet upgraded shares of Twenty-First Century Fox from a “c+” rating to a “b-” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Twenty-First Century Fox has a consensus rating of “Hold” and an average price target of $32.50.
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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