Kentucky Retirement Systems purchased a new position in shares of Twenty-First Century Fox Inc (NASDAQ:FOX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,346 shares of the company’s stock, valued at approximately $963,000.
Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Twenty-First Century Fox during the third quarter worth $211,000. Victory Capital Management Inc. increased its stake in shares of Twenty-First Century Fox by 69.0% in the third quarter. Victory Capital Management Inc. now owns 9,300 shares of the company’s stock worth $230,000 after buying an additional 3,797 shares during the period. Tyers Asset Management LLC bought a new position in Twenty-First Century Fox during the fourth quarter worth about $243,000. Wilbanks Smith & Thomas Asset Management LLC raised its position in Twenty-First Century Fox by 2.9% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,035 shares of the company’s stock worth $248,000 after buying an additional 280 shares in the last quarter. Finally, Parkwood LLC raised its position in Twenty-First Century Fox by 24.2% in the third quarter. Parkwood LLC now owns 10,583 shares of the company’s stock worth $262,000 after buying an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 23.18% of the company’s stock.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) traded up 1.91% during mid-day trading on Thursday, hitting $30.38. The stock had a trading volume of 1,617,946 shares. The firm’s 50-day moving average price is $30.48 and its 200 day moving average price is $28.59. Twenty-First Century Fox Inc has a 12-month low of $23.88 and a 12-month high of $31.94. The stock has a market cap of $56.23 billion, a price-to-earnings ratio of 18.51 and a beta of 1.23.
Twenty-First Century Fox (NASDAQ:FOX) last posted its earnings results on Monday, February 6th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Twenty-First Century Fox had a net margin of 10.99% and a return on equity of 24.05%. The company had revenue of $7.68 billion for the quarter. During the same quarter in the prior year, the company earned $0.44 EPS. Equities analysts forecast that Twenty-First Century Fox Inc will post $1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, March 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, March 13th. This is a positive change from Twenty-First Century Fox’s previous quarterly dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is currently 21.95%.
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A number of research analysts recently issued reports on FOX shares. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. Jefferies Group LLC restated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Wednesday, April 5th. Finally, Rosenblatt Securities assumed coverage on Twenty-First Century Fox in a research report on Tuesday, April 4th. They set a “neutral” rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.86.
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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