Zacks Investment Research downgraded shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) from a hold rating to a sell rating in a research note released on Thursday morning.

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 research firms have also issued reports on FOX. RBC Capital Markets reissued an outperform rating and set a $32.00 price target (down previously from $36.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Citigroup Inc. reissued a buy rating and set a $31.00 price target (down previously from $32.00) on shares of Twenty-First Century Fox in a report on Tuesday, August 16th. FBR & Co reissued a market perform rating and set a $38.00 price target (down previously from $42.00) on shares of Twenty-First Century Fox in a report on Friday, August 5th. TheStreet lowered Twenty-First Century Fox from a buy rating to a hold rating in a report on Wednesday, August 3rd. Finally, Barclays PLC reissued an equal weight rating and set a $29.00 price target (down previously from $33.00) on shares of Twenty-First Century Fox in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. Twenty-First Century Fox currently has an average rating of Buy and an average price target of $32.44.

Twenty-First Century Fox (NASDAQ:FOX) traded up 0.12% during mid-day trading on Thursday, hitting $24.79. The company’s stock had a trading volume of 1,163,666 shares. The stock has a market cap of $46.17 billion, a P/E ratio of 17.51 and a beta of 1.30. Twenty-First Century Fox has a 52-week low of $22.65 and a 52-week high of $31.58. The company’s 50 day moving average is $24.69 and its 200-day moving average is $27.48.

The firm 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. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 25.35%.

In other Twenty-First Century Fox news, insider Jeffrey W. Ubben bought 3,000,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were purchased at an average cost of $26.06 per share, for a total transaction of $78,180,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 39.40% of the company’s stock.

A number of large investors have recently bought and sold shares of FOX. GSA Capital Partners LLP purchased a new stake in Twenty-First Century Fox during the second quarter valued at about $517,000. Swiss National Bank boosted its stake in Twenty-First Century Fox by 7.9% in the second quarter. Swiss National Bank now owns 1,231,006 shares of the company’s stock valued at $33,545,000 after buying an additional 90,000 shares during the last quarter. Seven Eight Capital LLC purchased a new stake in Twenty-First Century Fox during the first quarter valued at about $524,000. First Republic Investment Management Inc. boosted its stake in Twenty-First Century Fox by 14.2% in the first quarter. First Republic Investment Management Inc. now owns 26,989 shares of the company’s stock valued at $761,000 after buying an additional 3,364 shares during the last quarter. Finally, IBM Retirement Fund boosted its stake in Twenty-First Century Fox by 4.8% in the second quarter. IBM Retirement Fund now owns 8,536 shares of the company’s stock valued at $302,000 after buying an additional 390 shares during the last quarter. Institutional investors own 21.66% 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.

5 Day Chart for NASDAQ:FOX

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