Exxonmobil Investment Management Inc. TX reduced its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,592 shares of the company’s stock after selling 24,616 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Twenty-First Century Fox were worth $5,787,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of FOXA. Mint Tower Capital Management B.V. acquired a new stake in shares of Twenty-First Century Fox in the third quarter valued at approximately $110,000. Rockefeller Financial Services Inc. acquired a new stake in shares of Twenty-First Century Fox in the third quarter valued at approximately $113,000. Zions Bancorporation grew its position in shares of Twenty-First Century Fox by 86.4% in the third quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after purchasing an additional 2,276 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Twenty-First Century Fox in the third quarter valued at approximately $150,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Twenty-First Century Fox in the third quarter valued at approximately $176,000. Institutional investors own 54.36% of the company’s stock.
Several brokerages recently issued reports on FOXA. Piper Jaffray Companies reissued a “buy” rating and set a $44.00 price objective on shares of Twenty-First Century Fox in a research note on Friday, January 26th. B. Riley raised shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and upped their price objective for the company from $38.00 to $46.00 in a research note on Tuesday, January 16th. Atlantic Securities raised shares of Twenty-First Century Fox from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Wells Fargo & Co raised shares of Twenty-First Century Fox to a “market weight” rating in a research note on Thursday, January 4th. Finally, Pivotal Research downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating and increased their price target for the stock from $37.00 to $38.00 in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.58.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. analysts forecast that Twenty-First Century Fox Inc will post 2.01 earnings per share for the current year.
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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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