Zacks Investment Research upgraded shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) from a sell rating to a hold rating in a research note issued to investors on Monday.

According to Zacks, “Twenty-First Century Fox, Inc. is involved in creating and distributing media services. Its business portfolio consists of cable, broadcast, film, pay TV and satellite assets. Twenty-First Century Fox, Inc., formerly known as News Corporation, is based in New York, United States. “

A number of other research analysts also recently issued reports on the stock. Citigroup Inc. reiterated a buy rating and set a $31.00 target price (down previously from $32.00) on shares of Twenty-First Century Fox in a research report on Tuesday, August 16th. Wedbush restated an outperform rating and set a $33.00 price objective (down previously from $34.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Argus restated a hold rating on shares of Twenty-First Century Fox in a report on Wednesday, August 17th. Pivotal Research restated a buy rating and set a $34.00 price objective (down previously from $36.00) on shares of Twenty-First Century Fox in a report on Thursday, August 4th. Finally, Barclays PLC restated an equal weight rating and set a $29.00 price objective (down previously from $33.00) on shares of Twenty-First Century Fox in a report on Wednesday, August 10th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $32.30.

Shares of Twenty-First Century Fox (NASDAQ:FOX) opened at 24.30 on Monday. The firm has a market cap of $45.26 billion, a PE ratio of 17.16 and a beta of 1.30. Twenty-First Century Fox has a 1-year low of $22.65 and a 1-year high of $31.58. The stock’s 50 day moving average is $25.31 and its 200-day moving average is $27.85.

The firm also recently declared a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 25.35%.

In other Twenty-First Century Fox news, insider Jeffrey W. Ubben purchased 3,000,000 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were purchased at an average cost of $26.06 per share, with a total value of $78,180,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Twenty-First Century Fox by 17.3% in the second quarter. Signaturefd LLC now owns 4,410 shares of the company’s stock valued at $120,000 after buying an additional 650 shares in the last quarter. Creative Planning boosted its position in shares of Twenty-First Century Fox by 53.2% in the second quarter. Creative Planning now owns 4,702 shares of the company’s stock valued at $128,000 after buying an additional 1,633 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Twenty-First Century Fox by 361.3% in the first quarter. Bessemer Group Inc. now owns 5,683 shares of the company’s stock valued at $160,000 after buying an additional 4,451 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Twenty-First Century Fox by 121.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,544 shares of the company’s stock valued at $178,000 after buying an additional 3,589 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Twenty-First Century Fox by 6.1% in the second quarter. Bank of Nova Scotia now owns 8,580 shares of the company’s stock valued at $234,000 after buying an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 21.65% of the company’s stock.

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.

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