Rafferty Asset Management LLC lowered its stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) by 26.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,205 shares of the company’s stock after selling 3,589 shares during the period. Rafferty Asset Management LLC’s holdings in Twenty-First Century Fox were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Twenty-First Century Fox by 0.7% in the first quarter. JPMorgan Chase & Co. now owns 51,871,603 shares of the company’s stock valued at $1,446,177,000 after buying an additional 372,560 shares in the last quarter. Wellington Management Group LLP boosted its stake in Twenty-First Century Fox by 4.9% in the first quarter. Wellington Management Group LLP now owns 43,589,924 shares of the company’s stock valued at $1,215,287,000 after buying an additional 2,030,457 shares in the last quarter. Franklin Resources Inc. boosted its stake in Twenty-First Century Fox by 3.8% in the first quarter. Franklin Resources Inc. now owns 16,997,554 shares of the company’s stock valued at $473,897,000 after buying an additional 627,791 shares in the last quarter. Fiduciary Management Inc. WI bought a new stake in Twenty-First Century Fox during the first quarter valued at approximately $218,597,000. Finally, Cooke & Bieler LP boosted its stake in Twenty-First Century Fox by 0.4% in the second quarter. Cooke & Bieler LP now owns 3,639,847 shares of the company’s stock valued at $98,458,000 after buying an additional 12,790 shares in the last quarter. Institutional investors and hedge funds own 53.31% of the company’s stock.

Shares of Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded up 0.063% on Wednesday, reaching $23.905. 6,580,426 shares of the company traded hands. The firm’s 50 day moving average is $24.90 and its 200 day moving average is $27.61. Twenty-First Century Fox Inc. has a one year low of $22.66 and a one year high of $31.40. The company has a market capitalization of $44.52 billion, a P/E ratio of 16.882 and a beta of 1.33.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Twenty-First Century Fox had a return on equity of 21.63% and a net margin of 10.08%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Twenty-First Century Fox Inc. will post $1.92 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 12th. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is 25.35%.

Several analysts recently commented on FOXA shares. Zacks Investment Research cut shares of Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a report on Wednesday. Sanford C. Bernstein reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note 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 for the company in a research note on Monday, August 15th. Barclays PLC cut 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 research note on Monday, August 8th. Finally, 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 for the company in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.61.

Twenty-First Century Fox Company Profile

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.

5 Day Chart for NASDAQ:FOXA

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