Price Wealth Management Inc. purchased a new stake in Twenty-First Century Fox Inc (NASDAQ:FOX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,500 shares of the company’s stock, valued at approximately $733,000. Twenty-First Century Fox makes up approximately 0.5% of Price Wealth Management Inc.’s investment portfolio, making the stock its 17th largest holding.
Other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in Twenty-First Century Fox by 4.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,240,261 shares of the company’s stock worth $83,566,000 after buying an additional 137,885 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Twenty-First Century Fox by 30.9% in the third quarter. BNP Paribas Arbitrage SA now owns 332,041 shares of the company’s stock valued at $8,563,000 after buying an additional 78,317 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Twenty-First Century Fox by 676.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 134,274 shares of the company’s stock valued at $3,463,000 after buying an additional 116,974 shares during the period. Baupost Group LLC MA boosted its stake in shares of Twenty-First Century Fox by 1.5% in the third quarter. Baupost Group LLC MA now owns 7,384,542 shares of the company’s stock valued at $190,447,000 after buying an additional 106,442 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Twenty-First Century Fox in the third quarter valued at approximately $323,000. Institutional investors own 23.38% of the company’s stock.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) traded down $0.05 during trading hours on Wednesday, hitting $36.56. 2,898,132 shares of the stock traded hands, compared to its average volume of 3,467,018. The firm has a market capitalization of $68,280.00, a P/E ratio of 25.21 and a beta of 1.36. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.98. Twenty-First Century Fox Inc has a 52 week low of $24.30 and a 52 week high of $38.56.
Twenty-First Century Fox (NASDAQ:FOX) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $8.04 billion during the quarter. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. Twenty-First Century Fox’s payout ratio is 24.83%.
In related news, EVP Gerson Zweifach sold 110,728 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $34.90, for a total value of $3,864,407.20. Following the completion of the sale, the executive vice president now directly owns 36,007 shares in the company, valued at $1,256,644.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 39.40% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub upgraded Twenty-First Century Fox from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. OTR Global upgraded Twenty-First Century Fox to a “positive” rating in a research note on Monday, October 30th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.
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Twenty-First Century Fox Profile
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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