Twenty-First Century Fox, Inc. (FOXA) Position Lowered by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. lowered its position in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 329,829 shares of the company’s stock after selling 1,274 shares during the period. Twenty-First Century Fox comprises approximately 2.8% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 18th largest position. Penn Davis Mcfarland Inc.’s holdings in Twenty-First Century Fox were worth $9,347,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in FOXA. Wright Investors Service Inc. raised its position in Twenty-First Century Fox by 1.6% in the second quarter. Wright Investors Service Inc. now owns 27,100 shares of the company’s stock worth $768,000 after buying an additional 415 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Twenty-First Century Fox by 76.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 5,409 shares of the company’s stock worth $153,000 after buying an additional 2,336 shares in the last quarter. Malaga Cove Capital LLC raised its position in Twenty-First Century Fox by 67.2% in the second quarter. Malaga Cove Capital LLC now owns 47,231 shares of the company’s stock worth $1,332,000 after buying an additional 18,991 shares in the last quarter. Highland Capital Management LLC raised its position in Twenty-First Century Fox by 1.0% in the second quarter. Highland Capital Management LLC now owns 96,773 shares of the company’s stock worth $2,743,000 after buying an additional 998 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Twenty-First Century Fox by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 65,300 shares of the company’s stock worth $1,851,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.

Shares of Twenty-First Century Fox, Inc. (NASDAQ FOXA) traded down 0.33% during trading on Friday, hitting $27.26. The stock had a trading volume of 4,691,214 shares. Twenty-First Century Fox, Inc. has a 1-year low of $23.33 and a 1-year high of $32.60. The company has a market cap of $50.46 billion, a PE 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 issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share (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 business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same quarter in the prior year, the business posted $0.45 EPS. Twenty-First Century Fox’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Twenty-First Century Fox, Inc. will post $2.03 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, September 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a dividend yield of 1.29%. Twenty-First Century Fox’s payout ratio is currently 22.64%.

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FOXA has been the subject of a number of recent analyst reports. Pivotal Research reiterated a “buy” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Twenty-First Century Fox in a report on Sunday, April 23rd. Rosenblatt Securities upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, May 11th. FBR & Co lowered their price target on Twenty-First Century Fox from $34.00 to $31.00 and set a “mkt perform” rating for the company in a report on Thursday, May 11th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $36.00 price target on shares of Twenty-First Century Fox in a report on Thursday, May 11th. 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 an average price target of $33.35.

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.

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

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