Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Stake Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 0.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,300 shares of the company’s stock after buying an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Twenty-First Century Fox were worth $1,851,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Israel Discount Bank of New York purchased a new stake in shares of Twenty-First Century Fox during the first quarter worth approximately $828,000. Atria Investments LLC boosted its stake in shares of Twenty-First Century Fox by 9.3% in the first quarter. Atria Investments LLC now owns 16,444 shares of the company’s stock worth $533,000 after buying an additional 1,403 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in shares of Twenty-First Century Fox by 6.8% in the first quarter. Beese Fulmer Investment Management Inc. now owns 154,698 shares of the company’s stock worth $5,011,000 after buying an additional 9,799 shares in the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Twenty-First Century Fox during the first quarter worth approximately $203,000. Finally, Jennison Associates LLC boosted its stake in shares of Twenty-First Century Fox by 18.2% in the first quarter. Jennison Associates LLC now owns 3,130,885 shares of the company’s stock worth $101,409,000 after buying an additional 481,497 shares in the last quarter. 53.96% of the stock is owned by institutional investors.

Twenty-First Century Fox, Inc. (NASDAQ FOXA) traded up 1.18% during midday trading on Friday, reaching $28.21. The company’s stock had a trading volume of 6,813,863 shares. The firm has a market capitalization of $52.30 billion, a P/E ratio of 17.79 and a beta of 1.27. Twenty-First Century Fox, Inc. has a 52 week low of $23.33 and a 52 week high of $32.60. The company’s 50-day moving average is $28.17 and its 200 day moving average is $29.35.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Analysts expect that Twenty-First Century Fox, Inc. will post $2.03 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

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A number of equities analysts have weighed in on FOXA shares. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Rosenblatt Securities upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, May 11th. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Guggenheim reiterated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.23.

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.

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

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