Twenty-First Century Fox Inc. (FOX) Downgraded by Zacks Investment Research to Sell
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. “
Several other equities research analysts have also recently issued reports on the company. Citigroup Inc. reaffirmed a buy rating and issued a $31.00 target price (down from $32.00) on shares of Twenty-First Century Fox in a report on Tuesday, August 16th. Wedbush reissued an outperform rating and set a $33.00 price objective (down from $34.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. Argus reissued a hold rating on shares of Twenty-First Century Fox in a research note on Wednesday, August 17th. Pivotal Research reissued a buy rating and set a $34.00 price objective (down from $36.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 4th. Finally, Barclays PLC reissued an equal weight rating and set a $29.00 price objective (down from $33.00) on shares of Twenty-First Century Fox in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Twenty-First Century Fox has a consensus rating of Buy and an average price target of $32.44.
Twenty-First Century Fox (NASDAQ:FOX) opened at 25.07 on Thursday. The company has a market capitalization of $46.69 billion, a price-to-earnings ratio of 17.70 and a beta of 1.30. Twenty-First Century Fox has a 12 month low of $22.65 and a 12 month high of $31.58. The stock’s 50 day moving average price is $24.68 and its 200 day moving average price is $27.39.
The company also recently declared a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, September 12th. Twenty-First Century Fox’s payout ratio is 25.35%.
In other news, insider Jeffrey W. Ubben purchased 3,000,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was purchased at an average price of $26.06 per share, for a total transaction of $78,180,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.40% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in FOX. Jolley Asset Management LLC raised its stake in Twenty-First Century Fox by 38.6% in the third quarter. Jolley Asset Management LLC now owns 142,632 shares of the company’s stock worth $3,529,000 after buying an additional 39,690 shares in the last quarter. Advisor Consultant Network Inc. bought a new stake in Twenty-First Century Fox during the third quarter worth $4,372,000. National Pension Service raised its stake in Twenty-First Century Fox by 9.4% in the third quarter. National Pension Service now owns 359,537 shares of the company’s stock worth $8,895,000 after buying an additional 31,016 shares in the last quarter. Private Bank & Trust Co. raised its stake in Twenty-First Century Fox by 84.6% in the third quarter. Private Bank & Trust Co. now owns 24,705 shares of the company’s stock worth $612,000 after buying an additional 11,325 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Twenty-First Century Fox by 28.1% in the third quarter. Capstone Asset Management Co. now owns 12,750 shares of the company’s stock worth $315,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 21.69% 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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