Investors Buy Shares of Twenty-First Century Fox Inc Class A (FOXA) on Weakness

Investors bought shares of Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) on weakness during trading on Friday. $133.19 million flowed into the stock on the tick-up and $37.53 million flowed out of the stock on the tick-down, for a money net flow of $95.66 million into the stock. Of all stocks tracked, Twenty-First Century Fox Inc Class A had the 3rd highest net in-flow for the day. Twenty-First Century Fox Inc Class A traded down ($0.29) for the day and closed at $45.38

A number of brokerages recently weighed in on FOXA. Buckingham Research lowered their price objective on shares of Twenty-First Century Fox Inc Class A to $52.00 and set a “buy” rating on the stock in a research report on Tuesday, August 7th. Cowen restated a “hold” rating and set a $49.00 price objective on shares of Twenty-First Century Fox Inc Class A in a research report on Sunday, August 12th. Loop Capital increased their price objective on shares of Twenty-First Century Fox Inc Class A to $47.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Pivotal Research restated a “hold” rating and set a $42.00 price objective (up previously from $35.00) on shares of Twenty-First Century Fox Inc Class A in a research report on Wednesday, June 13th. Finally, UBS Group downgraded shares of Twenty-First Century Fox Inc Class A from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research report on Friday, July 20th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.00.

The firm has a market cap of $84.25 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.31 and a beta of 1.26. The company has a current ratio of 2.35, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 8th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Twenty-First Century Fox Inc Class A had a net margin of 14.68% and a return on equity of 18.71%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. analysts predict that Twenty-First Century Fox Inc Class A will post 2.07 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a yield of 0.79%. Twenty-First Century Fox Inc Class A’s dividend payout ratio is currently 18.27%.

A number of hedge funds have recently made changes to their positions in FOXA. Kaizen Advisory LLC increased its holdings in Twenty-First Century Fox Inc Class A by 121.8% during the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock valued at $113,000 after buying an additional 1,251 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Twenty-First Century Fox Inc Class A during the second quarter valued at approximately $115,000. Nelson Roberts Investment Advisors LLC purchased a new stake in Twenty-First Century Fox Inc Class A during the second quarter valued at approximately $122,000. Sun Life Financial INC increased its holdings in Twenty-First Century Fox Inc Class A by 1,522.7% during the second quarter. Sun Life Financial INC now owns 2,856 shares of the company’s stock valued at $142,000 after buying an additional 2,680 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in Twenty-First Century Fox Inc Class A during the first quarter valued at approximately $157,000. 51.65% of the stock is owned by institutional investors and hedge funds.

Twenty-First Century Fox Inc Class A Company Profile (NASDAQ:FOXA)

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

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