The Twenty-First Century Fox, Inc. (FOXA) Stock Rating Reaffirmed by Pivotal Research, Report finds

The Twenty-First Century Fox, Inc. (FOXA) Stock Rating Reaffirmed by Pivotal Research, Report finds

“” Fox reported fiscal year 2Q17 earnings on Monday which came in slightly better than we expected overall. We maintain our $36 YE2017 price target and continue to rate the stock Buy.,” the firm’s analyst wrote.

Pivotal Research reaffirmed their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a research note issued to investors on Tuesday morning. They currently have a $36.00 target price on the stock.

A number of other brokerages have also weighed in on FOXA. Zacks Investment Research lowered shares of Twenty-First Century Fox from a buy rating to a hold rating in a report on Friday, February 3rd. Moffett Nathanson upgraded shares of Twenty-First Century Fox from a neutral rating to a buy rating in a report on Wednesday, February 1st. Instinet lifted their price target on shares of Twenty-First Century Fox from $32.00 to $35.00 and gave the company a buy rating in a report on Wednesday, February 1st. Jefferies Group LLC reiterated a buy rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Monday, January 16th. Finally, Needham & Company LLC reiterated a hold rating on shares of Twenty-First Century Fox in a report on Tuesday, January 24th. Seven investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Twenty-First Century Fox has a consensus rating of Buy and a consensus target price of $33.39.

Twenty-First Century Fox (NASDAQ:FOXA) opened at 29.91 on Tuesday. The firm has a market cap of $55.36 billion, a P/E ratio of 18.23 and a beta of 1.31. The company’s 50 day moving average is $29.97 and its 200-day moving average is $26.91. Twenty-First Century Fox has a 52 week low of $23.33 and a 52 week high of $31.75.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Monday, February 6th. The company reported $0.53 earnings per share (EPS) 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 firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.72 billion. During the same quarter last year, the business earned $0.44 earnings per share. Twenty-First Century Fox’s revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Twenty-First Century Fox will post $1.92 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, April 19th. Stockholders of record on Wednesday, March 15th will be issued a $0.18 dividend. The ex-dividend date is Monday, March 13th. This is a positive change 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 payout ratio is 21.95%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. raised its position in Twenty-First Century Fox by 5.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,667,198 shares of the company’s stock valued at $718,540,000 after buying an additional 1,582,731 shares during the period. Frontier Investment Mgmt Co. raised its position in Twenty-First Century Fox by 49.6% in the third quarter. Frontier Investment Mgmt Co. now owns 279,205 shares of the company’s stock valued at $6,762,000 after buying an additional 92,623 shares during the period. Cooke & Bieler LP raised its position in Twenty-First Century Fox by 0.4% in the second quarter. Cooke & Bieler LP now owns 3,639,847 shares of the company’s stock valued at $98,458,000 after buying an additional 12,790 shares during the period. American Financial Group Inc. acquired a new position in Twenty-First Century Fox during the third quarter valued at approximately $2,422,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Twenty-First Century Fox by 1.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 219,597 shares of the company’s stock valued at $5,319,000 after buying an additional 4,100 shares during the period. 54.50% of the stock is owned by institutional investors and hedge funds.

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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