Twenty-First Century Fox’s (FOXA) Market Perform Rating Reaffirmed at Sanford C. Bernstein
Other analysts have also recently issued reports about the company. ValuEngine upgraded Twenty-First Century Fox from a hold rating to a buy rating in a research report on Thursday, July 6th. Credit Suisse Group reaffirmed a buy rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a buy rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd. Guggenheim reaffirmed a buy rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Finally, BMO Capital Markets set a $36.00 price target on Twenty-First Century Fox and gave the stock a buy rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $33.43.
Twenty-First Century Fox (NASDAQ FOXA) opened at 25.90 on Tuesday. The company has a market capitalization of $47.94 billion, a P/E ratio of 16.33 and a beta of 1.28. Twenty-First Century Fox has a 52-week low of $23.33 and a 52-week high of $32.60. The stock’s 50 day moving average price is $27.72 and its 200-day moving average price is $28.82.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.79 billion. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Analysts predict that Twenty-First Century Fox will post $2.04 earnings per share for the current fiscal year.
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The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. This represents a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 22.64%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sentry Investment Management LLC boosted its stake in Twenty-First Century Fox by 1.3% during the second quarter. Sentry Investment Management LLC now owns 189,680 shares of the company’s stock worth $5,376,000 after buying an additional 2,482 shares during the last quarter. Toronto Dominion Bank boosted its stake in Twenty-First Century Fox by 25.5% during the second quarter. Toronto Dominion Bank now owns 356,491 shares of the company’s stock worth $10,101,000 after buying an additional 72,459 shares during the last quarter. First Fiduciary Investment Counsel Inc. boosted its stake in Twenty-First Century Fox by 0.9% during the second quarter. First Fiduciary Investment Counsel Inc. now owns 402,906 shares of the company’s stock worth $11,418,000 after buying an additional 3,415 shares during the last quarter. Verition Fund Management LLC acquired a new position in Twenty-First Century Fox during the second quarter worth $365,000. Finally, Sterling Capital Management LLC boosted its stake in Twenty-First Century Fox by 1.2% during the second quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock worth $241,000 after buying an additional 99 shares during the last quarter. 53.33% of the stock is currently owned by institutional investors.
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.
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