Davidson Investment Advisors Sells 4,625 Shares of Twenty-First Century Fox Inc (FOXA)
Davidson Investment Advisors reduced its position in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,584 shares of the company’s stock after selling 4,625 shares during the period. Davidson Investment Advisors’ holdings in Twenty-First Century Fox were worth $8,791,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ACG Wealth bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $242,000. Alpine Associates Management Inc. bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $59,134,000. Governors Lane LP bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth $23,032,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Twenty-First Century Fox by 0.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 772,428 shares of the company’s stock worth $26,672,000 after purchasing an additional 5,973 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in shares of Twenty-First Century Fox by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 101,206 shares of the company’s stock worth $3,495,000 after purchasing an additional 3,400 shares in the last quarter. Institutional investors own 53.52% of the company’s stock.
FOXA has been the topic of several recent analyst reports. Piper Jaffray Companies set a $35.00 price objective on Twenty-First Century Fox and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Wednesday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price objective (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. Finally, KeyCorp restated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Sunday, November 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.73.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Twenty-First Century Fox had a return on equity of 19.01% and a net margin of 13.49%. The firm had revenue of $8.04 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period last year, the firm posted $0.53 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts predict that Twenty-First Century Fox Inc will post 2.03 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be given a dividend of $0.18 per share. This represents a dividend yield of 0.00503778337531486%. The ex-dividend date is Tuesday, March 13th. Twenty-First Century Fox’s dividend payout ratio is presently 16.82%.
Twenty-First Century Fox 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.
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