Twenty-First Century Fox Inc. (NASDAQ:FOXA) shares dropped 1.2% during mid-day trading on Thursday . The company traded as low as $25.16 and last traded at $25.18, with a volume of 8,121,155 shares trading hands. The stock had previously closed at $25.48.

FOXA has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their target price on Twenty-First Century Fox from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, August 4th. Brean Capital started coverage on Twenty-First Century Fox in a report on Wednesday, July 6th. They set a “hold” rating on the stock. Goldman Sachs Group Inc. upped their price objective on Twenty-First Century Fox from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. TheStreet raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $34.00 price objective (up previously from $33.00) on shares of Twenty-First Century Fox in a report on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $31.99.

The stock has a market capitalization of $46.71 billion and a P/E ratio of 17.71. The company has a 50 day moving average of $26.71 and a 200 day moving average of $27.90.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.68 billion. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Twenty-First Century Fox Inc. will post $1.93 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Twenty-First Century Fox by 10.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 980,325 shares of the company’s stock valued at $26,626,000 after buying an additional 92,100 shares during the period. Bridgewater Associates LP purchased a new position in shares of Twenty-First Century Fox during the fourth quarter valued at about $2,055,000. Westfield Capital Management Co. LP boosted its position in shares of Twenty-First Century Fox by 31.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 4,541,704 shares of the company’s stock valued at $123,353,000 after buying an additional 1,087,764 shares during the period. KBC Group NV boosted its position in shares of Twenty-First Century Fox by 11.3% in the fourth quarter. KBC Group NV now owns 847,523 shares of the company’s stock valued at $23,019,000 after buying an additional 86,017 shares during the period. Finally, US Bancorp DE boosted its position in shares of Twenty-First Century Fox by 12.3% in the fourth quarter. US Bancorp DE now owns 50,988 shares of the company’s stock valued at $1,385,000 after buying an additional 5,596 shares during the period.

Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.

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