Twenty-First Century Fox Inc (FOX) Insider Lachlan K. Murdoch Sells 316,317 Shares of Stock

Twenty-First Century Fox Inc (NASDAQ:FOX) insider Lachlan K. Murdoch sold 316,317 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $51.20, for a total transaction of $16,195,430.40. Following the sale, the insider now directly owns 618,374 shares of the company’s stock, valued at approximately $31,660,748.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Twenty-First Century Fox stock traded up $0.30 during mid-day trading on Friday, reaching $51.62. The company’s stock had a trading volume of 281,716 shares, compared to its average volume of 4,482,362. The company has a market cap of $94.11 billion, a PE ratio of 26.22 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.29 and a quick ratio of 3.79. Twenty-First Century Fox Inc has a twelve month low of $34.94 and a twelve month high of $51.71.

Twenty-First Century Fox (NASDAQ:FOX) last released its quarterly earnings data on Wednesday, February 6th. The company reported $0.37 EPS for the quarter. The firm had revenue of $8.50 billion during the quarter. Twenty-First Century Fox had a net margin of 44.71% and a return on equity of 15.09%.

The firm also recently disclosed a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders 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. This is an increase from Twenty-First Century Fox’s previous semiannual dividend of $0.15. Twenty-First Century Fox’s payout ratio is currently 18.27%.

FOX has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Tuesday, January 8th. BidaskClub raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, ValuEngine downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st.

Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new stake in Twenty-First Century Fox in the fourth quarter valued at $25,000. Global Retirement Partners LLC bought a new stake in Twenty-First Century Fox in the fourth quarter valued at $32,000. Lindbrook Capital LLC bought a new stake in Twenty-First Century Fox in the fourth quarter valued at $32,000. Laurel Wealth Advisors LLC bought a new stake in Twenty-First Century Fox in the fourth quarter valued at $39,000. Finally, Legacy Financial Advisors Inc. bought a new stake in Twenty-First Century Fox in the fourth quarter valued at $47,000. 23.13% of the stock is owned by hedge funds and other institutional investors.

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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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