Jolley Asset Management LLC Raises Stake in Twenty-First Century Fox Inc (FOX)
Jolley Asset Management LLC boosted its stake in Twenty-First Century Fox Inc (NASDAQ:FOX) by 0.3% during the first quarter, Holdings Channel reports. The fund owned 153,179 shares of the company’s stock after buying an additional 395 shares during the period. Twenty-First Century Fox accounts for 3.5% of Jolley Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Jolley Asset Management LLC’s holdings in Twenty-First Century Fox were worth $4,868,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital One National Association bought a new position in shares of Twenty-First Century Fox during the third quarter worth about $433,000. World Asset Management Inc increased its position in shares of Twenty-First Century Fox by 14.6% in the third quarter. World Asset Management Inc now owns 50,006 shares of the company’s stock worth $1,237,000 after buying an additional 6,369 shares in the last quarter. DnB Asset Management AS increased its position in shares of Twenty-First Century Fox by 3.8% in the third quarter. DnB Asset Management AS now owns 37,932 shares of the company’s stock worth $938,000 after buying an additional 1,400 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Twenty-First Century Fox by 6.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 129,125 shares of the company’s stock worth $3,195,000 after buying an additional 8,091 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Twenty-First Century Fox by 7.2% in the third quarter. Texas Permanent School Fund now owns 150,010 shares of the company’s stock worth $3,711,000 after buying an additional 10,111 shares in the last quarter. Institutional investors own 23.18% of the company’s stock.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) traded down 0.36% during mid-day trading on Tuesday, reaching $30.05. The company’s stock had a trading volume of 1,818,175 shares. The company’s 50-day moving average is $30.46 and its 200-day moving average is $28.54. The stock has a market capitalization of $55.62 billion, a price-to-earnings ratio of 18.31 and a beta of 1.23. Twenty-First Century Fox Inc has a 52 week low of $23.88 and a 52 week high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. The business had revenue of $7.68 billion for the quarter. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities analysts predict that Twenty-First Century Fox Inc will post $1.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th will be paid a $0.18 dividend. This is a boost from Twenty-First Century Fox’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 13th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 21.95%.
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A number of research analysts have recently issued reports on FOX shares. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Thursday, January 19th. Rosenblatt Securities started coverage on Twenty-First Century Fox in a report on Tuesday, April 4th. They issued a “neutral” rating and a $33.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, April 5th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and an average price target of $32.86.
Twenty-First Century Fox Company Profile
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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