Twenty-First Century Fox, Inc. (FOX) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. lifted its position in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 9.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,791,557 shares of the company’s stock after purchasing an additional 149,803 shares during the period. Ameriprise Financial Inc. owned about 0.10% of Twenty-First Century Fox worth $49,932,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Twenty-First Century Fox by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 29,473,799 shares of the company’s stock valued at $936,677,000 after acquiring an additional 1,574,477 shares during the period. Yacktman Asset Management LP increased its position in Twenty-First Century Fox by 2.7% in the 2nd quarter. Yacktman Asset Management LP now owns 27,294,255 shares of the company’s stock valued at $760,691,000 after acquiring an additional 709,760 shares during the period. BlackRock Inc. increased its position in Twenty-First Century Fox by 2,917.8% in the 1st quarter. BlackRock Inc. now owns 26,468,128 shares of the company’s stock valued at $841,159,000 after acquiring an additional 25,591,062 shares during the period. State Street Corp increased its position in Twenty-First Century Fox by 1.4% in the 1st quarter. State Street Corp now owns 19,268,852 shares of the company’s stock valued at $612,358,000 after acquiring an additional 260,369 shares during the period. Finally, Morgan Stanley increased its position in Twenty-First Century Fox by 4.5% in the 1st quarter. Morgan Stanley now owns 16,511,220 shares of the company’s stock valued at $524,726,000 after acquiring an additional 716,433 shares during the period. Institutional investors and hedge funds own 23.27% of the company’s stock.
Shares of Twenty-First Century Fox, Inc. (NASDAQ FOX) opened at 26.33 on Friday. The firm has a 50-day moving average price of $26.92 and a 200-day moving average price of $28.24. The stock has a market cap of $48.74 billion, a price-to-earnings ratio of 16.60 and a beta of 1.20. Twenty-First Century Fox, Inc. has a one year low of $24.09 and a one year high of $31.94.
Twenty-First Century Fox (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $6.75 billion for the quarter. Twenty-First Century Fox had a return on equity of 22.47% and a net margin of 10.36%. During the same quarter last year, the business posted $0.45 EPS. Analysts anticipate that Twenty-First Century Fox, Inc. will post $2.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.72 annualized dividend and a yield of 2.73%. Twenty-First Century Fox’s dividend payout ratio (DPR) is 22.64%.
FOX has been the topic of several recent research reports. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, June 13th. BidaskClub upgraded Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, TheStreet upgraded Twenty-First Century Fox from a “c+” rating to a “b-” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.00.
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In other Twenty-First Century Fox news, CEO James R. Murdoch sold 111,713 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $27.94, for a total value of $3,121,261.22. Following the sale, the chief executive officer now owns 234,236 shares in the company, valued at $6,544,553.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David F. Devoe sold 30,149 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $28.01, for a total transaction of $844,473.49. Following the completion of the sale, the director now owns 55,647 shares in the company, valued at approximately $1,558,672.47. The disclosure for this sale can be found here. 39.40% of the stock is owned by corporate insiders.
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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