Twenty-First Century Fox Inc. (NASDAQ:FOX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Twenty-First Century Fox, Inc. is involved in creating and distributing media services. Its business portfolio consists of cable, broadcast, film, pay TV and satellite assets. Twenty-First Century Fox, Inc., formerly known as News Corporation, is based in New York, United States. “
Several other equities analysts have also commented on FOX. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 price objective (down previously from $36.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 4th. Credit Suisse Group AG reiterated an “outperform” rating and set a $33.00 price objective (down previously from $38.00) on shares of Twenty-First Century Fox in a research report on Saturday, August 6th. FBR & Co reiterated a “market perform” rating and set a $38.00 price objective (down previously from $42.00) on shares of Twenty-First Century Fox in a research report on Friday, August 5th. Brean Capital began coverage on shares of Twenty-First Century Fox in a research report on Thursday, July 7th. They set a “hold” rating for the company. Finally, TheStreet lowered shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and a consensus target price of $32.30.
Shares of Twenty-First Century Fox (NASDAQ:FOX) traded up 0.36% during trading on Wednesday, hitting $24.89. 2,215,326 shares of the company traded hands. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 17.58 and a beta of 1.30. The company has a 50 day moving average price of $25.05 and a 200 day moving average price of $27.73. Twenty-First Century Fox has a 52 week low of $22.65 and a 52 week high of $31.58.
The firm also recently announced a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is 25.35%.
In other Twenty-First Century Fox news, insider Jeffrey W. Ubben bought 3,000,000 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were acquired at an average price of $26.06 per share, with a total value of $78,180,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 39.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Management Inc. WI purchased a new stake in Twenty-First Century Fox during the first quarter worth $160,372,000. Vanguard Group Inc. boosted its stake in Twenty-First Century Fox by 34.3% in the second quarter. Vanguard Group Inc. now owns 10,389,777 shares of the company’s stock worth $283,121,000 after buying an additional 2,655,094 shares in the last quarter. Foxhaven Asset Management LP boosted its stake in Twenty-First Century Fox by 57.2% in the first quarter. Foxhaven Asset Management LP now owns 2,705,628 shares of the company’s stock worth $76,299,000 after buying an additional 984,192 shares in the last quarter. State Street Corp boosted its stake in Twenty-First Century Fox by 5.2% in the first quarter. State Street Corp now owns 16,905,527 shares of the company’s stock worth $476,730,000 after buying an additional 841,304 shares in the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new stake in Twenty-First Century Fox during the second quarter worth $21,768,000. Institutional investors and hedge funds own 21.65% of the company’s stock.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.
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