Twenty-First Century Fox, Inc. (NASDAQ:FOXA) was the target of a large growth in short interest in the month of July. As of July 14th, there was short interest totalling 23,505,756 shares, a growth of 10.7% from the June 30th total of 21,237,750 shares. Based on an average daily trading volume, of 8,478,819 shares, the short-interest ratio is presently 2.8 days. Approximately 2.3% of the company’s shares are sold short.

Several brokerages have weighed in on FOXA. Piper Jaffray Companies began coverage on shares of Twenty-First Century Fox in a research report on Friday, August 11th. They set an “overweight” rating and a $35.00 price target for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 10th. Cowen and Company restated a “market perform” rating and issued a $32.00 price objective (down from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Twenty-First Century Fox has a consensus rating of “Buy” and a consensus target price of $33.35.

Twenty-First Century Fox (FOXA) traded down 0.33% during trading on Friday, hitting $27.26. 4,691,214 shares of the company were exchanged. Twenty-First Century Fox has a 1-year low of $23.33 and a 1-year high of $32.60. The firm’s 50 day moving average price is $28.15 and its 200-day moving average price is $29.24. The stock has a market capitalization of $50.46 billion, a PE ratio of 17.19 and a beta of 1.27.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Twenty-First Century Fox’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Twenty-First Century Fox will post $2.03 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Twenty-First Century Fox by 2,105.9% in the first quarter. BlackRock Inc. now owns 57,769,482 shares of the company’s stock valued at $1,871,155,000 after buying an additional 55,150,610 shares during the period. Capital Research Global Investors increased its position in shares of Twenty-First Century Fox by 20.2% in the second quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after buying an additional 14,398,422 shares during the period. Boston Partners increased its position in shares of Twenty-First Century Fox by 7,703.5% in the first quarter. Boston Partners now owns 13,333,969 shares of the company’s stock valued at $431,887,000 after buying an additional 13,163,097 shares during the period. Independent Franchise Partners LLP increased its position in shares of Twenty-First Century Fox by 19.6% in the second quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock valued at $746,914,000 after buying an additional 4,315,548 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Twenty-First Century Fox by 217.9% in the first quarter. Alliancebernstein L.P. now owns 6,083,023 shares of the company’s stock valued at $197,029,000 after buying an additional 4,169,322 shares during the period. Institutional investors own 53.79% of the company’s stock.

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About Twenty-First Century Fox

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.

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