Twenty-First Century Fox Inc. (FOXA) Receives “Buy” Rating from Jefferies Group
FOXA has been the subject of several other research reports. Royal Bank Of Canada cut their target price on Twenty-First Century Fox from $36.00 to $32.00 and set an outperform rating for the company in a research report on Thursday, August 4th. Nomura reiterated a buy rating on shares of Twenty-First Century Fox in a research report on Saturday, July 9th. Sanford C. Bernstein reiterated an outperform rating on shares of Twenty-First Century Fox in a research report on Friday, June 17th. Brean Capital began coverage on Twenty-First Century Fox in a research note on Wednesday, July 6th. They set a hold rating for the company. Finally, Moffett Nathanson reissued a buy rating and set a $32.00 price target on shares of Twenty-First Century Fox in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $31.61.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 24.13 on Friday. Twenty-First Century Fox has a 52 week low of $22.66 and a 52 week high of $31.40. The stock has a market capitalization of $44.94 billion, a PE ratio of 17.04 and a beta of 1.34. The firm has a 50-day moving average price of $24.48 and a 200-day moving average price of $27.40.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that Twenty-First Century Fox will post $1.92 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date of this dividend is Monday, September 12th. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s payout ratio is currently 25.35%.
A number of hedge funds have recently modified their holdings of FOXA. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Twenty-First Century Fox during the second quarter valued at about $1,197,000. Kentucky Retirement Systems bought a new position in shares of Twenty-First Century Fox during the second quarter valued at about $2,520,000. Nomura Holdings Inc. bought a new position in shares of Twenty-First Century Fox during the second quarter valued at about $6,271,000. Mason Street Advisors LLC bought a new position in shares of Twenty-First Century Fox during the second quarter valued at about $3,992,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Twenty-First Century Fox by 12.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,567 shares of the company’s stock valued at $287,000 after buying an additional 1,199 shares during the period. 53.31% of the stock is owned by institutional investors.
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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