New Mexico Educational Retirement Board lifted its position in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,206 shares of the company’s stock after purchasing an additional 3,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Twenty-First Century Fox were worth $3,495,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of FOXA. Renaissance Technologies LLC increased its holdings in shares of Twenty-First Century Fox by 240.8% in the second quarter. Renaissance Technologies LLC now owns 428,500 shares of the company’s stock worth $12,144,000 after purchasing an additional 302,769 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Twenty-First Century Fox by 185.7% in the second quarter. Janus Henderson Group PLC now owns 384,641 shares of the company’s stock worth $10,900,000 after purchasing an additional 250,011 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Twenty-First Century Fox by 1.2% in the second quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock worth $241,000 after purchasing an additional 99 shares during the last quarter. Verition Fund Management LLC purchased a new position in Twenty-First Century Fox in the second quarter worth about $365,000. Finally, Shell Asset Management Co. grew its position in Twenty-First Century Fox by 107.7% in the third quarter. Shell Asset Management Co. now owns 249,401 shares of the company’s stock worth $8,552,000 after acquiring an additional 129,351 shares in the last quarter. 53.52% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on FOXA. B. Riley reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. BMO Capital Markets lifted their price target on Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of Twenty-First Century Fox in a research report on Friday, January 26th. Finally, Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $37.73.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The business had revenue of $8.04 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities research analysts forecast that Twenty-First Century Fox Inc will post 2.03 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a dividend yield of 0.00503778337531486%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 16.82%.
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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