IBM Retirement Fund decreased its holdings in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 19,699 shares of the company’s stock after selling 1,244 shares during the period. IBM Retirement Fund’s holdings in Twenty-First Century Fox were worth $948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FOXA. Whittier Trust Co. increased its position in shares of Twenty-First Century Fox by 6.6% during the fourth quarter. Whittier Trust Co. now owns 3,329 shares of the company’s stock valued at $160,000 after acquiring an additional 205 shares in the last quarter. Aspiriant LLC increased its position in shares of Twenty-First Century Fox by 3.8% during the fourth quarter. Aspiriant LLC now owns 7,379 shares of the company’s stock valued at $355,000 after acquiring an additional 269 shares in the last quarter. Heritage Way Advisors LLC increased its position in shares of Twenty-First Century Fox by 0.5% during the fourth quarter. Heritage Way Advisors LLC now owns 64,013 shares of the company’s stock valued at $3,080,000 after acquiring an additional 313 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Twenty-First Century Fox by 6.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,137 shares of the company’s stock valued at $295,000 after acquiring an additional 370 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Twenty-First Century Fox by 10.5% during the fourth quarter. Parallel Advisors LLC now owns 3,927 shares of the company’s stock valued at $189,000 after acquiring an additional 372 shares in the last quarter. 49.79% of the stock is owned by institutional investors and hedge funds.

FOXA has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Gabelli reissued a “buy” rating on shares of Twenty-First Century Fox in a research report on Tuesday, November 27th. Vertical Group raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Wolfe Research initiated coverage on shares of Twenty-First Century Fox in a research report on Friday, December 7th. They set an “outperform” rating for the company. Finally, Moffett Nathanson initiated coverage on shares of Twenty-First Century Fox in a research report on Friday. They set a “buy” rating and a $51.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $51.00.

Shares of FOXA stock opened at $52.01 on Friday. Twenty-First Century Fox Inc has a 12-month low of $35.40 and a 12-month high of $52.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.79 and a current ratio of 4.29. The company has a market capitalization of $96.58 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.21 and a beta of 0.97.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Twenty-First Century Fox Inc will post 1.98 EPS for the current year.

The business also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Investors of record on Monday, April 8th will be issued a $0.18 dividend. This represents a yield of 0.73%. The ex-dividend date is Friday, April 5th. Twenty-First Century Fox’s dividend payout ratio is currently 18.27%.

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Twenty-First Century Fox Profile

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

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