Korea Investment CORP raised its stake in Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 7.7% during the second quarter, Holdings Channel reports. The firm owned 238,877 shares of the company’s stock after buying an additional 17,092 shares during the period. Korea Investment CORP’s holdings in Twenty-First Century Fox were worth $6,658,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Twenty-First Century Fox by 5.6% in the first quarter. Vanguard Group Inc. now owns 29,473,799 shares of the company’s stock valued at $936,677,000 after buying an additional 1,574,477 shares during the period. Yacktman Asset Management LP increased its stake in shares of Twenty-First Century Fox by 0.6% in the first quarter. Yacktman Asset Management LP now owns 26,584,495 shares of the company’s stock valued at $844,855,000 after buying an additional 156,523 shares during the period. BlackRock Inc. increased its stake in shares of Twenty-First Century Fox by 2,917.8% in the first quarter. BlackRock Inc. now owns 26,468,128 shares of the company’s stock valued at $841,159,000 after buying an additional 25,591,062 shares during the period. State Street Corp increased its stake in shares of Twenty-First Century Fox by 1.4% in the first quarter. State Street Corp now owns 19,268,852 shares of the company’s stock valued at $612,358,000 after buying an additional 260,369 shares during the period. Finally, Morgan Stanley increased its stake in shares of Twenty-First Century Fox by 4.5% in the first quarter. Morgan Stanley now owns 16,511,220 shares of the company’s stock valued at $524,726,000 after buying an additional 716,433 shares during the period. Institutional investors and hedge funds own 23.18% of the company’s stock.

Shares of Twenty-First Century Fox, Inc. (FOX) opened at 27.47 on Friday. The firm has a market cap of $50.84 billion, a P/E ratio of 16.89 and a beta of 1.19. The stock’s 50 day moving average is $27.80 and its 200 day moving average is $28.96. 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 posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.94%. The business had revenue of $6.75 billion during the quarter. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities research analysts predict that Twenty-First Century Fox, Inc. will post $2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

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FOX has been the subject of several recent research reports. BidaskClub downgraded shares of Twenty-First Century Fox from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet downgraded shares of Twenty-First Century Fox from a “b” rating to a “c+” rating in a research note on Wednesday, May 24th. Finally, Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.50.

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

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