Twenty-First Century Fox’s (FOXA) “Buy” Rating Reiterated at Jefferies Group LLC

Twenty-First Century Fox Inc (NASDAQ:FOXA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They presently have a $35.00 price objective on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 15.17% from the company’s current price.

Several other equities analysts have also commented on the stock. Instinet reaffirmed a “buy” rating and set a $37.00 target price on shares of Twenty-First Century Fox in a report on Sunday, April 2nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, February 8th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a research report on Wednesday, February 8th. Vetr raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $31.93 target price for the company in a research report on Tuesday, February 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $36.00 price target (up from $35.00) on shares of Twenty-First Century Fox in a research report on Tuesday, February 7th. Six analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Twenty-First Century Fox presently has an average rating of “Buy” and an average target price of $33.54.

Analyst Recommendations for Twenty-First Century Fox (NASDAQ:FOXA)

Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 2.057% on Tuesday, hitting $31.015. The stock had a trading volume of 4,905,199 shares. Twenty-First Century Fox has a 12-month low of $23.33 and a 12-month high of $32.60. The firm has a market capitalization of $57.40 billion, a P/E ratio of 18.900 and a beta of 1.31. The company has a 50 day moving average of $31.03 and a 200-day moving average of $28.92.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Monday, February 6th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ 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, compared to analyst estimates of $7.72 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Twenty-First Century Fox will post $1.91 EPS for the current fiscal year.

The business also recently declared a semiannual dividend, which was paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th were issued a $0.18 dividend. The ex-dividend date was Monday, March 13th. This is a boost from Twenty-First Century Fox’s previous semiannual dividend of $0.15. This represents a dividend yield of 1.18%. Twenty-First Century Fox’s dividend payout ratio is presently 21.95%.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. MSI Financial Services Inc boosted its position in Twenty-First Century Fox by 4.0% in the third quarter. MSI Financial Services Inc now owns 7,432 shares of the company’s stock worth $180,000 after buying an additional 284 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in Twenty-First Century Fox by 4.0% in the third quarter. Beese Fulmer Investment Management Inc. now owns 141,787 shares of the company’s stock worth $3,434,000 after buying an additional 5,475 shares during the period. Penn Davis Mcfarland Inc. raised its stake in Twenty-First Century Fox by 4.4% in the third quarter. Penn Davis Mcfarland Inc. now owns 366,134 shares of the company’s stock worth $8,868,000 after buying an additional 15,581 shares during the period. Parkwood LLC raised its stake in Twenty-First Century Fox by 17.2% in the third quarter. Parkwood LLC now owns 180,302 shares of the company’s stock worth $4,367,000 after buying an additional 26,503 shares during the period. Finally, Supplemental Annuity Collective Trust of NJ acquired a new stake in Twenty-First Century Fox during the third quarter worth $727,000. Hedge funds and other institutional investors own 54.50% of the company’s stock.

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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