A number of firms have modified their ratings and price targets on shares of Twenty-First Century Fox (NASDAQ: FOXA) recently:

  • 2/4/2019 – Twenty-First Century Fox was upgraded by analysts at Vertical Group from a “hold” rating to a “buy” rating.
  • 1/25/2019 – Twenty-First Century Fox was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Twenty-First Century Fox shares have outperformed the industry over the past year. Additionally, the company is expected to benefit from the popularity of its cable news and business channel. Fox News was the most watched cable network for the third consecutive year. Business Network had the most Business Day viewers in 2018. Moreover, Fox continues to benefit from higher affiliate and advertising revenues from Cable Network Programming and Television segments. Notably, estimates have been stable over the past seven days, ahead of the company's second-quarter fiscal 2019 earnings. The company has positive record of earnings surprise in the recent quarters. However, higher programming costs and foreign currency fluctuations may hurt the company’s margins and affect its bottom line in the near term.”
  • 1/24/2019 – Twenty-First Century Fox was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating.
  • 1/24/2019 – Twenty-First Century Fox was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Twenty-First Century Fox shares have outperformed the industry over the past year. Additionally, Deadpool 2, which became the fifth highest grossing movie for 2018, is expected to boost Filmed Entertainment segment revenues, thereby aiding the top line. Moreover, the company is expected to benefit from the popularity of its cable news and business channel. Fox News was the most watched cable network for the third consecutive year. Business Network had the most Business Day viewers in 2018. Further, Fox continues to benefit from higher affiliate and advertising revenues from Cable Network Programming and Television segments. However, higher programming costs and foreign currency fluctuations may hurt the company’s margins and affect its bottom line in the near term.”
  • 1/18/2019 – Twenty-First Century Fox was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Twenty-First Century Fox shares have outperformed the industry over the past year. Additionally, Deadpool 2, which became the fifth highest grossing movie for 2018, is expected to boost Filmed Entertainment segment revenues, thereby aiding the top line. Moreover, the company is expected to benefit from the popularity of its cable news and business channel. Fox News was the most watched cable network for the third consecutive year. Business Network had the most Business Day viewers in 2018. Further, Fox continues to benefit from higher affiliate and advertising revenues from Cable Network Programming and Television segments. However, higher programming costs and foreign currency fluctuations may hurt the company’s margins and affect its bottom line in the near term.”
  • 1/15/2019 – Twenty-First Century Fox was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Twenty-First Century Fox shares have outperformed the industry over the past year. Additionally, Deadpool 2, which became the fifth highest grossing movie for 2018, is expected to boost Filmed Entertainment segment revenues thereby aiding top line. Moreover, the company’s focus to enhance its portfolio of regional sports channels (RSNs) to strengthen Fox Sports Media Group’s position in the lucrative sports entertainment business is a tailwind. Further, Fox continues to benefit from higher affiliate and advertising revenues from the Cable Network Programming and Television segments. However, higher programming costs and foreign currency fluctuations may hurt the company’s margins and affect its bottom line in the near term.”
  • 1/8/2019 – Twenty-First Century Fox was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Twenty-First Century Fox continues to benefit from higher affiliate and advertising revenues from the Cable Network Programming and Television segments. Additionally, the company’s focus to enhance its portfolio of regional sports channels (RSNs) to strengthen Fox Sports Media Group’s position in the lucrative sports entertainment business is a tailwind. Moreover, Fox’s Deadpool 2, which became the fifth highest grossing movie for 2018, is expected to boost top-line growth. Further, the European Commission approved Disney’s offer for certain assets of Twentieth Century Fox, which is a positive. Notably, its shares have outperformed the industry over the past year. However higher programming costs and foreign currency fluctuations may hurt the company’s margins and affect its bottom line in the near term.”

Shares of NASDAQ FOXA traded down $0.13 during midday trading on Monday, hitting $49.55. 5,481,932 shares of the company’s stock were exchanged, compared to its average volume of 8,457,115. Twenty-First Century Fox Inc has a 12-month low of $35.40 and a 12-month high of $50.15. The company has a current ratio of 4.29, a quick ratio of 3.79 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $92.04 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.72 and a beta of 0.98.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Twenty-First Century Fox’s revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a yield of 0.73%. Twenty-First Century Fox’s payout ratio is currently 18.27%.

A number of hedge funds have recently made changes to their positions in FOXA. FMR LLC lifted its position in Twenty-First Century Fox by 6.2% in the second quarter. FMR LLC now owns 14,672,134 shares of the company’s stock valued at $729,058,000 after purchasing an additional 850,548 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Twenty-First Century Fox by 2,602.5% during the second quarter. Schroder Investment Management Group now owns 304,516 shares of the company’s stock valued at $15,161,000 after acquiring an additional 293,248 shares in the last quarter. Havens Advisors LLC raised its holdings in shares of Twenty-First Century Fox by 23.8% during the third quarter. Havens Advisors LLC now owns 244,800 shares of the company’s stock valued at $11,342,000 after acquiring an additional 47,100 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Twenty-First Century Fox during the third quarter valued at approximately $137,000. Finally, Andra AP fonden raised its holdings in shares of Twenty-First Century Fox by 26.3% during the third quarter. Andra AP fonden now owns 62,000 shares of the company’s stock valued at $2,872,000 after acquiring an additional 12,900 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. 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, telecommunication companies, and online video distributors.

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