California Public Employees Retirement System lowered its stake in shares of Twenty-First Century Fox Inc (NASDAQ:FOXA) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,482,548 shares of the company’s stock after selling 5,659 shares during the period. California Public Employees Retirement System owned about 0.08% of Twenty-First Century Fox worth $73,668,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. World Asset Management Inc increased its holdings in shares of Twenty-First Century Fox by 1.6% during the 2nd quarter. World Asset Management Inc now owns 68,138 shares of the company’s stock worth $3,386,000 after purchasing an additional 1,101 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Twenty-First Century Fox by 22.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,623 shares of the company’s stock worth $233,000 after purchasing an additional 1,214 shares during the period. ACG Wealth increased its holdings in shares of Twenty-First Century Fox by 13.7% during the 2nd quarter. ACG Wealth now owns 10,338 shares of the company’s stock worth $514,000 after purchasing an additional 1,243 shares during the period. Kaizen Advisory LLC increased its holdings in shares of Twenty-First Century Fox by 121.8% during the 2nd quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock worth $113,000 after purchasing an additional 1,251 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Twenty-First Century Fox by 1.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,136 shares of the company’s stock worth $3,733,000 after purchasing an additional 1,314 shares during the period. 54.11% of the stock is owned by institutional investors.

Several research firms have recently issued reports on FOXA. Cowen restated a “hold” rating and set a $49.00 price objective on shares of Twenty-First Century Fox in a report on Sunday, August 12th. Buckingham Research began coverage on shares of Twenty-First Century Fox in a report on Tuesday, June 26th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Credit Suisse Group assumed coverage on shares of Twenty-First Century Fox in a report on Tuesday, July 10th. They set an “overweight” rating and a $57.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Twenty-First Century Fox currently has a consensus rating of “Hold” and an average price target of $44.93.

NASDAQ FOXA traded up $0.25 on Friday, reaching $45.36. The company’s stock had a trading volume of 7,267,867 shares, compared to its average volume of 11,229,235. The stock has a market cap of $85.83 billion, a P/E ratio of 23.03, a PEG ratio of 2.39 and a beta of 1.30. Twenty-First Century Fox Inc has a 52 week low of $24.81 and a 52 week high of $50.15. The company has a quick ratio of 1.90, a current ratio of 2.35 and a debt-to-equity ratio of 0.89.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly 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. The firm had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.52 billion. Twenty-First Century Fox had a net margin of 14.68% and a return on equity of 18.71%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. Research analysts anticipate that Twenty-First Century Fox Inc will post 2.04 earnings per share for the current year.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a yield of 0.79%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 18.27%.

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

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