Kenmare Capital Partners L.L.C. acquired a new stake in Twenty-First Century Fox Inc (NASDAQ:FOXA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 63,752 shares of the company’s stock, valued at approximately $2,201,000. Twenty-First Century Fox makes up 2.4% of Kenmare Capital Partners L.L.C.’s investment portfolio, making the stock its 12th biggest position.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Twenty-First Century Fox in the 4th quarter valued at $106,000. Mint Tower Capital Management B.V. acquired a new stake in Twenty-First Century Fox during the 3rd quarter worth $110,000. Zions Bancorporation raised its stake in Twenty-First Century Fox by 86.4% during the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock worth $130,000 after acquiring an additional 2,276 shares in the last quarter. Tiedemann Wealth Management LLC acquired a new stake in Twenty-First Century Fox during the 3rd quarter worth $148,000. Finally, Stelac Advisory Services LLC acquired a new stake in Twenty-First Century Fox during the 3rd quarter worth $150,000. Institutional investors and hedge funds own 53.81% of the company’s stock.
Several equities research analysts recently commented on the stock. Pivotal Research lifted their price target on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Cowen reiterated a “hold” rating and set a $39.00 price target on shares of Twenty-First Century Fox in a research note on Friday, December 29th. Finally, Royal Bank of Canada lifted their price target on shares of Twenty-First Century Fox to $43.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Twenty-First Century Fox has a consensus rating of “Buy” and an average target price of $37.73.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The business had revenue of $8.04 billion for the quarter, compared to the consensus estimate of $7.94 billion. Twenty-First Century Fox had a net margin of 13.49% and a return on equity of 19.01%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. equities analysts anticipate that Twenty-First Century Fox Inc will post 2.04 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, March 14th will be issued a $0.18 dividend. This represents a dividend yield of 0.00503778337531486%. The ex-dividend date of this dividend is Tuesday, March 13th. Twenty-First Century Fox’s payout ratio is 16.82%.
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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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