Asset Dedication LLC cut its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 2.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,615 shares of the company’s stock after selling 288 shares during the period. Asset Dedication LLC’s holdings in Twenty-First Century Fox were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. Dodge & Cox acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter worth approximately $1,932,490,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter worth approximately $871,660,000. Independent Franchise Partners LLP acquired a new stake in shares of Twenty-First Century Fox during the third quarter worth approximately $496,728,000. Viking Global Investors LP acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter worth approximately $344,536,000. Finally, Norges Bank acquired a new stake in shares of Twenty-First Century Fox during the fourth quarter worth approximately $313,934,000. Hedge funds and other institutional investors own 54.50% of the company’s stock.

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

Shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) traded down 1.16% during mid-day trading on Friday, reaching $30.71. 3,991,822 shares of the company traded hands. The company has a market capitalization of $56.84 billion, a P/E ratio of 18.71 and a beta of 1.31. Twenty-First Century Fox Inc has a 52-week low of $23.33 and a 52-week high of $32.60. The firm’s 50 day moving average price is $31.05 and its 200-day moving average price is $28.94.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.72 billion. Twenty-First Century Fox had a return on equity of 24.05% and a net margin of 10.99%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Equities analysts predict that Twenty-First Century Fox Inc will post $1.91 earnings per share for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, March 15th were given a dividend of $0.18 per share. This is a positive change from Twenty-First Century Fox’s previous semiannual dividend of $0.15. This represents a dividend yield of 1.18%. The ex-dividend date was Monday, March 13th. Twenty-First Century Fox’s dividend payout ratio is currently 21.95%.

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A number of brokerages recently issued reports on FOXA. Royal Bank of Canada reissued a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, April 11th. Pivotal Research reissued a “buy” rating and issued a $36.00 price objective on shares of Twenty-First Century Fox in a report on Thursday, January 12th. Instinet reissued a “buy” rating and issued a $37.00 price objective on shares of Twenty-First Century Fox in a report on Sunday, April 2nd. Needham & Company LLC reissued a “hold” rating on shares of Twenty-First Century Fox in a report on Tuesday, January 24th. Finally, Zacks Investment Research raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, December 28th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Twenty-First Century Fox has an average rating of “Buy” and an average price target of $33.54.

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.

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