Candriam Luxembourg S.C.A. boosted its stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 89.8% during the second quarter, Holdings Channel reports. The fund owned 549,172 shares of the company’s stock after buying an additional 259,862 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Twenty-First Century Fox were worth $14,856,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in Twenty-First Century Fox by 6.2% in the first quarter. Raymond James Trust N.A. now owns 9,032 shares of the company’s stock valued at $252,000 after buying an additional 524 shares during the last quarter. Aperio Group LLC boosted its position in shares of Twenty-First Century Fox by 15.7% in the first quarter. Aperio Group LLC now owns 688,853 shares of the company’s stock valued at $19,205,000 after buying an additional 93,329 shares in the last quarter. Virginia Retirement System bought a new position in shares of Twenty-First Century Fox during the first quarter valued at $3,080,000. IFP Advisors Inc boosted its position in shares of Twenty-First Century Fox by 14.7% in the first quarter. IFP Advisors Inc now owns 10,536 shares of the company’s stock valued at $294,000 after buying an additional 1,354 shares in the last quarter. Finally, Icon Advisers Inc. Co. boosted its position in shares of Twenty-First Century Fox by 84.0% in the first quarter. Icon Advisers Inc. Co. now owns 151,100 shares of the company’s stock valued at $4,213,000 after buying an additional 69,000 shares in the last quarter. 53.31% of the stock is owned by institutional investors and hedge funds.
Shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded down 1.52% during midday trading on Friday, hitting $23.93. The company had a trading volume of 9,741,135 shares. The firm’s 50 day moving average is $24.75 and its 200 day moving average is $27.56. The company has a market capitalization of $44.57 billion, a P/E ratio of 16.90 and a beta of 1.33. Twenty-First Century Fox Inc. has a 52 week low of $22.66 and a 52 week high of $31.40.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.08. Twenty-First Century Fox had a return on equity of 21.63% and a net margin of 10.08%. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Twenty-First Century Fox Inc. will post $1.92 EPS for the current year.
The firm also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, September 12th. This is an increase from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is 25.35%.
Several equities analysts have weighed in on FOXA shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Twenty-First Century Fox in a report on Friday, May 27th. TheStreet cut Twenty-First Century Fox from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Credit Suisse Group AG lifted their price objective on Twenty-First Century Fox from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, June 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, June 7th. Finally, Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $31.61.
Twenty-First Century Fox Company Profile
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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