Twenty-First Century Fox Inc. (FOXA) Position Raised by Seaward Management Limited Partnership
Seaward Management Limited Partnership boosted its stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 901,699 shares of the company’s stock after buying an additional 6,376 shares during the period. Twenty-First Century Fox makes up approximately 1.3% of Seaward Management Limited Partnership’s holdings, making the stock its 27th largest position. Seaward Management Limited Partnership’s holdings in Twenty-First Century Fox were worth $24,390,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Iowa State Bank bought a new position in shares of Twenty-First Century Fox during the second quarter worth approximately $126,000. Capital Analysts LLC raised its position in shares of Twenty-First Century Fox by 38.6% in the second quarter. Capital Analysts LLC now owns 4,699 shares of the company’s stock worth $192,000 after buying an additional 1,309 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Twenty-First Century Fox by 6.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,156 shares of the company’s stock worth $201,000 after buying an additional 434 shares during the last quarter. Atria Investments LLC bought a new position in shares of Twenty-First Century Fox during the second quarter worth approximately $206,000. Finally, NN Investment Partners Holdings N.V. bought a new position in shares of Twenty-First Century Fox during the first quarter worth approximately $214,000. Institutional investors and hedge funds own 53.37% of the company’s stock.
Shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded down 0.17% on Tuesday, reaching $23.89. 11,610,401 shares of the company were exchanged. The company’s 50-day moving average is $24.90 and its 200-day moving average is $27.61. The company has a market capitalization of $44.50 billion, a price-to-earnings ratio of 16.87 and a beta of 1.33. Twenty-First Century Fox Inc. has a 52 week low of $22.66 and a 52 week high of $31.40.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.08. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.68 billion. Twenty-First Century Fox had a net margin of 10.08% and a return on equity of 21.63%. Twenty-First Century Fox’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts expect that Twenty-First Century Fox Inc. will post $1.92 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be given a dividend of $0.18 per share. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. The ex-dividend date is Monday, September 12th. Twenty-First Century Fox’s payout ratio is 25.35%.
FOXA has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, June 7th. Citigroup Inc. reduced their target price on shares of Twenty-First Century Fox from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 15th. Barclays PLC lowered shares of Twenty-First Century Fox from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $33.00 to $29.00 in a report on Monday, August 8th. Deutsche Bank AG reduced their target price on shares of Twenty-First Century Fox from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.61.
About Twenty-First Century Fox
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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