Northwestern Mutual Investment Management Company LLC lowered its stake in shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,273,794 shares of the company’s stock after selling 55,115 shares during the period. Northwestern Mutual Investment Management Company LLC owned about 0.07% of Twenty-First Century Fox worth $34,456,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Waddell & Reed Financial Inc. acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at approximately $230,114,000. Capital Research Global Investors increased its position in shares of Twenty-First Century Fox by 4.1% in the second quarter. Capital Research Global Investors now owns 52,954,319 shares of the company’s stock valued at $1,432,414,000 after buying an additional 2,101,098 shares during the period. Riverhead Capital Management LLC increased its position in shares of Twenty-First Century Fox by 1,098.5% in the second quarter. Riverhead Capital Management LLC now owns 1,954,562 shares of the company’s stock valued at $52,872,000 after buying an additional 1,791,477 shares during the period. Carlson Capital L P acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at approximately $34,067,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Twenty-First Century Fox during the second quarter valued at approximately $29,755,000. 54.43% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

Shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) opened at 27.14 on Monday. The company’s 50-day moving average price is $25.43 and its 200 day moving average price is $26.74. Twenty-First Century Fox Inc. has a 12-month low of $22.66 and a 12-month high of $31.25. The firm has a market capitalization of $50.35 billion, a price-to-earnings ratio of 17.94 and a beta of 1.28.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 2nd. The company reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.07. Twenty-First Century Fox had a return on equity of 23.28% and a net margin of 10.45%. The firm earned $6.51 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the previous year, the firm posted $0.38 EPS. Twenty-First Century Fox’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Twenty-First Century Fox Inc. will post $1.91 EPS for the current fiscal year.

Several brokerages have weighed in on FOXA. Jefferies Group lowered their target price on Twenty-First Century Fox from $33.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, August 4th. FBR & Co lowered their target price on Twenty-First Century Fox from $42.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, August 4th. RBC Capital Markets reiterated a “buy” rating and issued a $32.00 target price (down from $36.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Needham & Company LLC reiterated a “hold” rating on shares of Twenty-First Century Fox in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $31.57.

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.

5 Day Chart for NASDAQ:FOXA

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