California Public Employees Retirement System lessened its holdings in Twenty-First Century Fox Inc (NASDAQ:FOX) by 25.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,492,379 shares of the company’s stock after selling 518,765 shares during the period. California Public Employees Retirement System owned approximately 0.08% of Twenty-First Century Fox worth $73,530,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of FOX. Farallon Capital Management LLC purchased a new stake in shares of Twenty-First Century Fox during the 1st quarter worth $181,850,000. The Manufacturers Life Insurance Company lifted its position in shares of Twenty-First Century Fox by 70.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,360,050 shares of the company’s stock worth $267,685,000 after purchasing an additional 3,047,075 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Twenty-First Century Fox by 3,190.1% during the 1st quarter. Summit Trail Advisors LLC now owns 2,083,696 shares of the company’s stock worth $2,084,000 after purchasing an additional 2,020,364 shares during the last quarter. Paulson & CO. Inc. lifted its position in shares of Twenty-First Century Fox by 1,311.0% during the 2nd quarter. Paulson & CO. Inc. now owns 1,411,000 shares of the company’s stock worth $69,520,000 after purchasing an additional 1,311,000 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in shares of Twenty-First Century Fox by 31.8% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,257,209 shares of the company’s stock worth $259,023,000 after purchasing an additional 1,267,557 shares during the last quarter. 23.81% of the stock is owned by institutional investors.
In related news, insider Lachlan K. Murdoch purchased 137,801 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were purchased at an average cost of $45.48 per share, for a total transaction of $6,267,189.48. The purchase was disclosed in a document filed with the SEC, which is available through this link. 39.40% of the stock is owned by company insiders.
Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The firm had revenue of $7.94 billion for the quarter.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 11th. This represents a yield of 0.8%.
Separately, BidaskClub cut shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th.
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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