Twenty-First Century Fox, Inc. (FOXA) Receives “Buy” Rating from Guggenheim

Guggenheim reissued their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a report released on Tuesday. They currently have a $35.00 price target on the stock.

FOXA has been the topic of a number of other reports. ValuEngine raised Twenty-First Century Fox from a hold rating to a buy rating in a report on Thursday, July 6th. Credit Suisse Group reissued a buy rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. Zacks Investment Research lowered Twenty-First Century Fox from a hold rating to a sell rating in a report on Tuesday, July 11th. Cowen and Company reissued a hold rating and set a $33.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada set a $33.00 price target on Twenty-First Century Fox and gave the company a buy rating in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $33.45.

Shares of Twenty-First Century Fox (FOXA) traded down 1.027% during trading on Tuesday, reaching $26.495. 2,943,162 shares of the company’s stock traded hands. The company has a 50 day moving average of $26.81 and a 200-day moving average of $28.23. The company has a market capitalization of $49.04 billion, a price-to-earnings ratio of 16.706 and a beta of 1.26. Twenty-First Century Fox has a 1-year low of $24.22 and a 1-year high of $32.60.

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

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

Institutional investors have recently made changes to their positions in the company. Israel Discount Bank of New York acquired a new stake in shares of Twenty-First Century Fox during the 1st quarter valued at about $828,000. Louisiana State Employees Retirement System lifted its holdings in shares of Twenty-First Century Fox by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 65,300 shares of the company’s stock valued at $1,851,000 after buying an additional 600 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Twenty-First Century Fox by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after buying an additional 2,140,568 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Twenty-First Century Fox by 1.6% during the 2nd quarter. Wright Investors Service Inc. now owns 27,100 shares of the company’s stock valued at $768,000 after buying an additional 415 shares during the last quarter. Finally, Vivaldi Asset Management LLC lifted its holdings in shares of Twenty-First Century Fox by 656.5% during the 2nd quarter. Vivaldi Asset Management LLC now owns 290,500 shares of the company’s stock valued at $8,233,000 after buying an additional 252,100 shares during the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

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.

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

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