Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its holdings in Twenty-First Century Fox Inc (NASDAQ:FOX) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 923,800 shares of the company’s stock after selling 107,800 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Twenty-First Century Fox were worth $44,139,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new stake in shares of Twenty-First Century Fox during the 4th quarter worth about $25,000. Lindbrook Capital LLC acquired a new position in shares of Twenty-First Century Fox during the 4th quarter worth about $32,000. Laurel Wealth Advisors LLC acquired a new position in shares of Twenty-First Century Fox during the 4th quarter worth about $39,000. Legacy Financial Advisors Inc. acquired a new position in shares of Twenty-First Century Fox during the 4th quarter worth about $47,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Twenty-First Century Fox during the 4th quarter worth about $55,000. 23.12% of the stock is currently owned by institutional investors.
FOX has been the subject of several research 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 target for the company in a research report on Tuesday, January 8th. ValuEngine downgraded shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, BidaskClub downgraded shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 17th.
FOX stock opened at $51.04 on Tuesday. The stock has a market capitalization of $96.04 billion, a price-to-earnings ratio of 25.91 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 12 month low of $34.94 and a 12 month high of $51.88.
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 company 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 is an increase from Twenty-First Century Fox’s previous semiannual dividend of $0.15. The ex-dividend date of this dividend is Friday, April 5th. This represents a yield of 0.73%. Twenty-First Century Fox’s dividend payout ratio is presently 18.27%.
In other news, insider Lachlan K. Murdoch sold 316,317 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $51.20, for a total transaction of $16,195,430.40. Following the completion of the sale, the insider now owns 618,374 shares in the company, valued at approximately $31,660,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gerson Zweifach sold 36,007 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $49.41, for a total transaction of $1,779,105.87. Following the sale, the executive vice president now owns 38,740 shares of the company’s stock, valued at approximately $1,914,143.40. The disclosure for this sale can be found here. 39.40% of the stock is currently owned by corporate insiders.
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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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