Twenty-First Century Fox Inc (FOXA) Shares Sold by LMR Partners LLP

LMR Partners LLP lowered its holdings in Twenty-First Century Fox Inc (NASDAQ:FOXA) by 34.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,090,569 shares of the company’s stock after selling 575,207 shares during the quarter. Twenty-First Century Fox comprises approximately 2.6% of LMR Partners LLP’s holdings, making the stock its 9th largest holding. LMR Partners LLP’s holdings in Twenty-First Century Fox were worth $52,478,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Twenty-First Century Fox by 47.2% in the 3rd quarter. Vanguard Group Inc. now owns 106,152,247 shares of the company’s stock valued at $4,901,046,000 after purchasing an additional 34,038,507 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Twenty-First Century Fox by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 72,845,313 shares of the company’s stock worth $3,374,922,000 after acquiring an additional 731,573 shares in the last quarter. BlackRock Inc. raised its stake in shares of Twenty-First Century Fox by 4.0% during the 3rd quarter. BlackRock Inc. now owns 62,450,677 shares of the company’s stock worth $2,893,340,000 after acquiring an additional 2,385,303 shares in the last quarter. Baupost Group LLC MA raised its stake in shares of Twenty-First Century Fox by 31.9% during the 3rd quarter. Baupost Group LLC MA now owns 52,001,167 shares of the company’s stock worth $2,409,214,000 after acquiring an additional 12,585,338 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its stake in shares of Twenty-First Century Fox by 11.0% during the 3rd quarter. Independent Franchise Partners LLP now owns 28,962,748 shares of the company’s stock worth $1,341,844,000 after acquiring an additional 2,880,981 shares in the last quarter. Institutional investors and hedge funds own 50.93% of the company’s stock.

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FOXA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Tuesday, January 8th. Gabelli reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, November 27th. Societe Generale lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Vertical Group upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Buckingham Research boosted their price objective on shares of Twenty-First Century Fox from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $50.00.

NASDAQ:FOXA traded up $0.07 during trading hours on Wednesday, hitting $50.95. 199,112 shares of the company were exchanged, compared to its average volume of 10,237,883. The company has a market cap of $93.96 billion, a PE ratio of 25.87, a P/E/G ratio of 2.22 and a beta of 0.98. Twenty-First Century Fox Inc has a 52-week low of $35.40 and a 52-week high of $51.27. The company has a current ratio of 4.29, a quick ratio of 3.79 and a debt-to-equity ratio of 0.55.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.47 billion. Twenty-First Century Fox had a net margin of 44.71% and a return on equity of 15.09%. Twenty-First Century Fox’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, analysts expect that Twenty-First Century Fox Inc will post 1.98 EPS for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th will be given a dividend of $0.18 per share. This represents a yield of 0.73%. The ex-dividend date is Friday, April 5th. Twenty-First Century Fox’s dividend payout ratio is presently 18.27%.

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Twenty-First Century Fox Company Profile

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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