State of Tennessee Treasury Department lowered its stake in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 10.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 874,469 shares of the company’s stock after selling 104,793 shares during the period. State of Tennessee Treasury Department’s holdings in Twenty-First Century Fox were worth $24,782,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FOXA. Israel Discount Bank of New York acquired a new position in shares of Twenty-First Century Fox during the 1st quarter worth about $828,000. Louisiana State Employees Retirement System lifted its position in shares of Twenty-First Century Fox by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,300 shares of the company’s stock worth $1,851,000 after purchasing an additional 600 shares during the last quarter. Wright Investors Service Inc. lifted its position in shares of Twenty-First Century Fox by 1.6% during the 2nd quarter. Wright Investors Service Inc. now owns 27,100 shares of the company’s stock worth $768,000 after purchasing an additional 415 shares during the last quarter. Balasa Dinverno & Foltz LLC acquired a new position in shares of Twenty-First Century Fox during the 1st quarter worth about $203,000. Finally, Fifth Third Bancorp lifted its position in shares of Twenty-First Century Fox by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock worth $161,000 after purchasing an additional 291 shares during the last quarter. 53.33% of the stock is owned by institutional investors.

FOXA has been the subject of several research analyst reports. Rosenblatt Securities raised Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, May 11th. ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Jefferies Group LLC reissued a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, May 12th. Instinet reissued a “buy” rating and set a $35.00 price objective (down previously from $37.00) on shares of Twenty-First Century Fox in a research report on Thursday, May 11th. Finally, Credit Suisse Group reissued a “buy” rating and set a $37.00 price objective on shares of Twenty-First Century Fox in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. Twenty-First Century Fox has a consensus rating of “Buy” and an average price target of $33.35.

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) opened at 27.49 on Monday. The company has a market capitalization of $50.89 billion, a price-to-earnings ratio of 17.33 and a beta of 1.28. The stock has a 50 day moving average price of $27.92 and a 200 day moving average price of $29.00. Twenty-First Century Fox, Inc. has a 1-year low of $23.33 and a 1-year high of $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.79 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts forecast that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current year.

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

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/04/state-of-tennessee-treasury-department-has-24-78-million-holdings-in-twenty-first-century-fox-inc-foxa.html.

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.

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox, Inc. (NASDAQ:FOXA).

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

Receive News & Stock Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related stocks with our FREE daily email newsletter.