ING Groep NV lowered its stake in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 42.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,168 shares of the company’s stock after selling 98,891 shares during the period. ING Groep NV’s holdings in Twenty-First Century Fox were worth $3,774,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Israel Discount Bank of New York purchased a new stake in shares of Twenty-First Century Fox during the first quarter valued at $828,000. Louisiana State Employees Retirement System increased its stake in Twenty-First Century Fox by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 65,300 shares of the company’s stock worth $1,851,000 after buying an additional 600 shares during the period. Atria Investments LLC increased its stake in Twenty-First Century Fox by 9.3% in the first quarter. Atria Investments LLC now owns 16,444 shares of the company’s stock worth $533,000 after buying an additional 1,403 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in Twenty-First Century Fox by 6.8% in the first quarter. Beese Fulmer Investment Management Inc. now owns 154,698 shares of the company’s stock worth $5,011,000 after buying an additional 9,799 shares during the period. Finally, Balasa Dinverno & Foltz LLC bought a new stake in Twenty-First Century Fox during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 53.79% of the company’s stock.
Twenty-First Century Fox, Inc. (NASDAQ FOXA) opened at 27.99 on Thursday. The firm has a 50-day moving average of $28.20 and a 200-day moving average of $29.29. Twenty-First Century Fox, Inc. has a 52 week low of $23.33 and a 52 week high of $32.60. The company has a market capitalization of $51.89 billion, a P/E ratio of 17.65 and a beta of 1.27.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts anticipate that Twenty-First Century Fox, Inc. will post $2.03 EPS for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.18 per share. This represents a dividend yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio is presently 22.64%.
A number of equities research analysts have commented on the stock. Pivotal Research reaffirmed a “buy” rating and issued a $37.00 target price (up previously from $36.00) on shares of Twenty-First Century Fox in a research report on Sunday, April 23rd. Royal Bank Of Canada set a $33.00 price objective on shares of Twenty-First Century Fox and gave the company a “buy” rating in a research report on Monday, June 12th. Credit Suisse Group reissued a “buy” rating on shares of Twenty-First Century Fox in a research report on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and set a $36.00 price objective on shares of Twenty-First Century Fox in a research report on Thursday, May 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Twenty-First Century Fox in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and a consensus target price of $33.35.
About Twenty-First Century Fox
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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