Northwestern Mutual Wealth Management Co. Lowers Stake in Twenty-First Century Fox Inc (FOXA)

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Northwestern Mutual Wealth Management Co. reduced its position in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 85.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,712 shares of the company’s stock after selling 191,220 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Twenty-First Century Fox were worth $1,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kaizen Advisory LLC grew its stake in shares of Twenty-First Century Fox by 121.8% during the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock worth $113,000 after purchasing an additional 1,251 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Twenty-First Century Fox during the second quarter worth $115,000. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Twenty-First Century Fox during the second quarter worth $122,000. First Hawaiian Bank acquired a new stake in shares of Twenty-First Century Fox during the third quarter worth $137,000. Finally, Sun Life Financial INC grew its stake in shares of Twenty-First Century Fox by 1,522.7% during the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock worth $142,000 after purchasing an additional 2,680 shares during the period. 53.99% of the stock is owned by institutional investors.

FOXA stock opened at $48.16 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35. The stock has a market cap of $88.09 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21. Twenty-First Century Fox Inc has a 1-year low of $27.53 and a 1-year high of $50.15.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $7.18 billion for the quarter, compared to analyst estimates of $7.23 billion. Twenty-First Century Fox had a return on equity of 18.40% and a net margin of 16.01%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts predict that Twenty-First Century Fox Inc will post 1.97 earnings per share for the current year.

A number of equities research analysts recently commented on FOXA shares. UBS Group cut Twenty-First Century Fox from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research note on Friday, July 20th. Cowen reaffirmed a “hold” rating and set a $48.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, August 1st. Buckingham Research decreased their price objective on Twenty-First Century Fox to $52.00 and set a “buy” rating for the company in a research note on Tuesday, August 7th. Royal Bank of Canada cut Twenty-First Century Fox from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $45.00 to $49.00 in a research note on Thursday, August 9th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Twenty-First Century Fox in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.06.

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Twenty-First Century Fox Profile

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

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