Dodge & Cox cut its position in Twenty-First Century Fox, Inc. (NASDAQ:FOX) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,018,960 shares of the company’s stock after selling 68,900 shares during the period. Dodge & Cox owned about 0.76% of Twenty-First Century Fox worth $390,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Twenty-First Century Fox by 3.7% in the second quarter. Vanguard Group Inc. now owns 30,550,996 shares of the company’s stock worth $851,456,000 after purchasing an additional 1,077,197 shares in the last quarter. Yacktman Asset Management LP increased its stake in shares of Twenty-First Century Fox by 2.7% in the second quarter. Yacktman Asset Management LP now owns 27,294,255 shares of the company’s stock worth $760,691,000 after purchasing an additional 709,760 shares in the last quarter. 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 worth $841,159,000 after purchasing an additional 25,591,062 shares in the last quarter. 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 worth $612,358,000 after purchasing an additional 260,369 shares in the last quarter. 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 worth $524,726,000 after purchasing an additional 716,433 shares in the last quarter. 23.27% of the stock is owned by hedge funds and other institutional investors.

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Twenty-First Century Fox, Inc. (FOX) opened at 26.43 on Friday. Twenty-First Century Fox, Inc. has a 12 month low of $24.09 and a 12 month high of $31.94. The company’s 50 day moving average is $26.92 and its 200-day moving average is $28.24. The company has a market cap of $48.92 billion, a price-to-earnings ratio of 16.66 and a beta of 1.20.

Twenty-First Century Fox (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $6.75 billion during the quarter. Twenty-First Century Fox had a return on equity of 22.47% and a net margin of 10.36%. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, analysts expect that Twenty-First Century Fox, Inc. will post $2.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, September 13th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.72%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s payout ratio is presently 22.64%.

In related news, Director David F. Devoe sold 30,149 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $28.01, for a total value of $844,473.49. Following the completion of the sale, the director now owns 55,647 shares of the company’s stock, valued at approximately $1,558,672.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James R. Murdoch sold 111,713 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $27.94, for a total transaction of $3,121,261.22. Following the completion of the sale, the chief executive officer now directly owns 234,236 shares of the company’s stock, valued at approximately $6,544,553.84. The disclosure for this sale can be found here. 39.40% of the stock is currently owned by insiders.

FOX has been the subject of a number of analyst reports. BidaskClub raised shares of Twenty-First Century Fox from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. TheStreet raised shares of Twenty-First Century Fox from a “c+” rating to a “b-” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Twenty-First Century Fox 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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