Country Trust Bank Buys 139,078 Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA)

Country Trust Bank increased its stake in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 20.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 828,118 shares of the company’s stock after buying an additional 139,078 shares during the period. Country Trust Bank’s holdings in Twenty-First Century Fox were worth $23,469,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOXA. Advisory Services Network LLC acquired a new position in Twenty-First Century Fox during the first quarter valued at $106,000. State of Alaska Department of Revenue raised its stake in shares of Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock worth $123,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock worth $124,000 after buying an additional 697 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock worth $142,000 after buying an additional 2,064 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Twenty-First Century Fox by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,495 shares of the company’s stock worth $146,000 after buying an additional 151 shares during the last quarter. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Twenty-First Century Fox, Inc. (FOXA) opened at 27.26 on Friday. Twenty-First Century Fox, Inc. has a 52-week low of $23.33 and a 52-week high of $32.60. The stock has a market capitalization of $50.46 billion, a price-to-earnings ratio of 17.19 and a beta of 1.27. The firm’s 50-day moving average is $28.15 and its 200 day moving average is $29.24.

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

The firm also recently disclosed a semiannual 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 dividend yield of 1.29%. The ex-dividend date is Tuesday, September 12th. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 22.64%.

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FOXA has been the subject of a number of recent research reports. 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 on the stock in a research note on Thursday, May 11th. Zacks Investment Research downgraded 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 issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, July 12th. Finally, Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. Twenty-First Century Fox has an average rating of “Buy” and a consensus target price of $33.35.

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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