DODGE & COX

recently disclosed that they own a 6.5% stake in Twenty-First Century Fox Inc (NASDAQ:FOXA) in a Schedule 13G/A disclosure that was filed with the SEC on Monday, March 20th. The investor owns 68,919,051 shares of the stock worth about $2,124,085,152. The disclosure is available through the SEC website at this link.

DODGE & COX

provided the following explanation of their ownership:

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Several other hedge funds have also made changes to their positions in the stock. Dodge & Cox acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at about $1,932,490,000. Israel Discount Bank of New York GFN acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at about $530,000. Norges Bank acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter valued at about $313,934,000. Baupost Group LLC MA increased its stake in shares of Twenty-First Century Fox by 50.1% in the fourth quarter. Baupost Group LLC MA now owns 19,137,469 shares of the company’s stock valued at $536,615,000 after buying an additional 6,391,000 shares during the period. Finally, I.G. Investment Management LTD. increased its stake in shares of Twenty-First Century Fox by 3.6% in the fourth quarter. I.G. Investment Management LTD. now owns 1,122,657 shares of the company’s stock valued at $31,479,000 after buying an additional 39,416 shares during the period. 54.50% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Twenty-First Century Fox (NASDAQ:FOXA)

Twenty-First Century Fox Inc (NASDAQ:FOXA) traded down 0.13% during midday trading on Monday, hitting $30.78. 2,126,731 shares of the stock traded hands. Twenty-First Century Fox Inc has a 1-year low of $23.33 and a 1-year high of $31.75. The company has a 50-day moving average price of $30.61 and a 200-day moving average price of $27.74. The firm has a market cap of $56.97 billion, a P/E ratio of 18.76 and a beta of 1.31.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.72 billion. Twenty-First Century Fox had a net margin of 10.99% and a return on equity of 24.05%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Analysts predict that Twenty-First Century Fox Inc will post $1.91 EPS for the current year.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th will be paid a $0.18 dividend. The ex-dividend date is Monday, March 13th. This represents a dividend yield of 1.18%. This is a boost from Twenty-First Century Fox’s previous semiannual dividend of $0.15. Twenty-First Century Fox’s payout ratio is currently 21.95%.

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Several brokerages have issued reports on FOXA. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $28.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, February 8th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Wednesday, February 8th. Vetr raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $31.93 price target on the stock in a report on Tuesday, February 7th. BMO Capital Markets reissued an “outperform” rating and set a $36.00 price objective (up previously from $35.00) on shares of Twenty-First Century Fox in a research note on Tuesday, February 7th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, February 7th. Six investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $33.45.

About Twenty-First Century Fox

Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

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