Twenty-First Century Fox (FOXA) Hits New 1-Year High Following Analyst Upgrade
Twenty-First Century Fox Inc (NASDAQ:FOXA) shares reached a new 52-week high during mid-day trading on Thursday after UBS Group raised their price target on the stock to $52.00. UBS Group currently has a neutral rating on the stock. Twenty-First Century Fox traded as high as $51.95 and last traded at $51.80, with a volume of 1071905 shares traded. The stock had previously closed at $51.20.
Several other research analysts also recently issued reports on FOXA. Zacks Investment Research raised Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Wolfe Research assumed coverage on Twenty-First Century Fox in a report on Friday, December 7th. They set an “outperform” rating on the stock. Buckingham Research upped their price objective on Twenty-First Century Fox from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, February 25th. Vertical Group raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Societe Generale downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $51.00.
Several hedge funds have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $26,000. Sontag Advisory LLC bought a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $36,000. We Are One Seven LLC bought a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $38,000. Athena Capital Advisors LLC bought a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $40,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $49,000. 49.79% of the stock is currently owned by institutional investors.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. Twenty-First Century Fox had a net margin of 44.71% and a return on equity of 15.09%. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Twenty-First Century Fox Inc will post 1.98 earnings per share for the current year.
The company also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be issued a dividend of $0.18 per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Friday, April 5th. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 18.27%.
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Twenty-First Century Fox Company Profile (NASDAQ:FOXA)
Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.
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