Wells Fargo & Company MN raised its holdings in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,194,418 shares of the company’s stock after purchasing an additional 403,144 shares during the quarter. Wells Fargo & Company MN owned about 0.12% of Twenty-First Century Fox worth $101,667,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Egerton Capital UK LLP increased its stake in shares of Twenty-First Century Fox by 93.4% during the second quarter. Egerton Capital UK LLP now owns 26,833,499 shares of the company’s stock worth $1,333,357,000 after acquiring an additional 12,957,606 shares during the period. Morgan Stanley grew its position in Twenty-First Century Fox by 48.6% during the second quarter. Morgan Stanley now owns 21,990,447 shares of the company’s stock worth $1,092,706,000 after buying an additional 7,189,693 shares during the period. Senator Investment Group LP acquired a new position in Twenty-First Century Fox during the second quarter worth about $238,415,000. Arrowgrass Capital Partners US LP acquired a new position in Twenty-First Century Fox during the second quarter worth about $147,582,000. Finally, Numen Capital LLP purchased a new stake in shares of Twenty-First Century Fox in the second quarter valued at about $98,496,000. Institutional investors own 52.93% of the company’s stock.
Shares of Twenty-First Century Fox stock traded down $0.54 during trading hours on Wednesday, hitting $49.12. The company’s stock had a trading volume of 15,268,812 shares, compared to its average volume of 10,925,914. Twenty-First Century Fox Inc has a 1-year low of $32.35 and a 1-year high of $50.15. The firm has a market capitalization of $91.65 billion, a P/E ratio of 24.93, a PEG ratio of 2.67 and a beta of 1.25. The company has a quick ratio of 1.96, a current ratio of 2.45 and a debt-to-equity ratio of 0.84.
Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.52 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.52. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. The business had revenue of $7.18 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period last year, the business earned $0.49 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that Twenty-First Century Fox Inc will post 1.99 EPS for the current fiscal year.
Several brokerages have issued reports on FOXA. Zacks Investment Research raised shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Gabelli reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, November 27th. Morgan Stanley upped their price target on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Thursday, November 8th. Pivotal Research reissued a “hold” rating and set a $45.00 price objective on shares of Twenty-First Century Fox in a research note on Thursday, November 8th. Finally, Evercore ISI initiated coverage on shares of Twenty-First Century Fox in a research note on Monday, November 5th. They set an “outperform” rating and a $52.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.20.
About Twenty-First Century Fox
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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