Twenty-First Century Fox Inc. (FOXA) Rating Reiterated by Jefferies Group
Twenty-First Century Fox Inc. (NASDAQ:FOXA)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued to investors on Friday.
Several other research firms have also issued reports on FOXA. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 21st. Sanford C. Bernstein restated a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, June 7th. Citigroup Inc. dropped their target price on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 15th. Barclays PLC lowered shares of Twenty-First Century Fox from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $33.00 to $29.00 in a report on Monday, August 8th. Finally, Deutsche Bank AG dropped their target price on shares of Twenty-First Century Fox from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.61.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.73 on Friday. The company’s 50-day moving average price is $24.44 and its 200-day moving average price is $27.37. Twenty-First Century Fox has a 12-month low of $22.66 and a 12-month high of $31.40. The company has a market cap of $46.06 billion, a PE ratio of 17.46 and a beta of 1.34.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The business had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. Twenty-First Century Fox’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. Equities analysts anticipate that Twenty-First Century Fox will post $1.92 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.18 per share. This is an increase from Twenty-First Century Fox’s previous dividend of $0.15. The ex-dividend date is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio is currently 25.35%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. increased its position 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 worth $252,000 after buying an additional 524 shares in the last quarter. Virginia Retirement System bought a new position in Twenty-First Century Fox during the first quarter worth $3,080,000. IFP Advisors Inc increased its position in Twenty-First Century Fox by 14.7% in the first quarter. IFP Advisors Inc now owns 10,536 shares of the company’s stock worth $294,000 after buying an additional 1,354 shares in the last quarter. Ngam Advisors L.P. increased its position in Twenty-First Century Fox by 31.4% in the first quarter. Ngam Advisors L.P. now owns 56,638 shares of the company’s stock worth $1,579,000 after buying an additional 13,527 shares in the last quarter. Finally, FDO Partners LLC increased its position in Twenty-First Century Fox by 75.6% in the first quarter. FDO Partners LLC now owns 37,995 shares of the company’s stock worth $1,059,000 after buying an additional 16,357 shares in the last quarter. 53.31% of the stock is owned by hedge funds and other institutional investors.
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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