Raymond James & Associates Decreases Stake in Twenty-First Century Fox Inc (NASDAQ:FOX)

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Raymond James & Associates cut its stake in Twenty-First Century Fox Inc (NASDAQ:FOX) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,049 shares of the company’s stock after selling 19,965 shares during the period. Raymond James & Associates’ holdings in Twenty-First Century Fox were worth $2,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FOX. The Manufacturers Life Insurance Company increased its position in shares of Twenty-First Century Fox by 70.6% during the first quarter. The Manufacturers Life Insurance Company now owns 7,360,050 shares of the company’s stock valued at $267,685,000 after acquiring an additional 3,047,075 shares in the last quarter. Summit Trail Advisors LLC grew its position in Twenty-First Century Fox by 3,190.1% in 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 period. Diamond Hill Capital Management Inc. grew its position in Twenty-First Century Fox by 31.8% in 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 period. BlackRock Inc. grew its position in Twenty-First Century Fox by 3.5% in the 2nd quarter. BlackRock Inc. now owns 27,439,739 shares of the company’s stock worth $1,351,956,000 after purchasing an additional 930,205 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP purchased a new position in shares of Twenty-First Century Fox during the 2nd quarter worth $29,386,000. Institutional investors and hedge funds own 24.05% of the company’s stock.

In other Twenty-First Century Fox news, insider Lachlan K. Murdoch purchased 137,801 shares of the stock in a transaction dated Thursday, August 16th. The stock was purchased at an average price of $45.48 per share, with a total value of $6,267,189.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 39.40% of the stock is owned by corporate insiders.

Separately, BidaskClub upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Friday.

NASDAQ:FOX traded up $0.41 during mid-day trading on Monday, hitting $45.21. 4,857,373 shares of the stock traded hands, compared to its average volume of 3,969,617. The company has a market capitalization of $83.00 billion, a price-to-earnings ratio of 22.74 and a beta of 1.25. Twenty-First Century Fox Inc has a 52 week low of $24.30 and a 52 week high of $49.65. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

Twenty-First Century Fox (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter. The company had revenue of $7.94 billion for the quarter. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, September 11th. This represents a yield of 0.8%.

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:FOX)

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