Westside Investment Management Inc. purchased a new stake in Twenty-First Century Fox Inc (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,961 shares of the company’s stock, valued at approximately $527,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. We Are One Seven LLC purchased a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at approximately $38,000. Moody National Bank Trust Division acquired a new position in shares of Twenty-First Century Fox during the fourth quarter valued at $49,000. IMS Capital Management acquired a new position in shares of Twenty-First Century Fox during the third quarter valued at $59,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Twenty-First Century Fox during the fourth quarter valued at $70,000. Finally, Private Capital Group LLC raised its stake in shares of Twenty-First Century Fox by 17.8% during the fourth quarter. Private Capital Group LLC now owns 2,479 shares of the company’s stock valued at $119,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.
FOXA has been the topic of several research reports. Barclays initiated coverage on shares of Twenty-First Century Fox in a research report on Friday, October 19th. They issued an “overweight” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 target price on shares of Twenty-First Century Fox in a research note on Monday, October 15th. Zacks Investment Research cut Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Gabelli reissued a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, November 27th. Finally, Vertical Group raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and an average price target of $48.93.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.47 billion. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. As a group, sell-side analysts forecast that Twenty-First Century Fox Inc will post 1.97 EPS 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 issued 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 dividend payout ratio is presently 18.27%.
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About Twenty-First Century Fox
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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