Marshall Wace LLP Has $6.80 Million Stake in Twenty-First Century Fox Inc Class A (FOXA)

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Marshall Wace LLP increased its stake in Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) by 51.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 136,797 shares of the company’s stock after purchasing an additional 46,396 shares during the quarter. Marshall Wace LLP’s holdings in Twenty-First Century Fox Inc Class A were worth $6,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOXA. World Asset Management Inc raised its stake in Twenty-First Century Fox Inc Class A by 1.6% in the second quarter. World Asset Management Inc now owns 68,138 shares of the company’s stock valued at $3,386,000 after buying an additional 1,101 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Twenty-First Century Fox Inc Class A by 22.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,623 shares of the company’s stock valued at $233,000 after buying an additional 1,214 shares in the last quarter. ACG Wealth raised its stake in Twenty-First Century Fox Inc Class A by 13.7% in the second quarter. ACG Wealth now owns 10,338 shares of the company’s stock valued at $514,000 after buying an additional 1,243 shares in the last quarter. Kaizen Advisory LLC raised its stake in Twenty-First Century Fox Inc Class A by 121.8% in the second quarter. Kaizen Advisory LLC now owns 2,278 shares of the company’s stock valued at $113,000 after buying an additional 1,251 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Twenty-First Century Fox Inc Class A by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 75,136 shares of the company’s stock valued at $3,733,000 after buying an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 54.10% of the company’s stock.

FOXA has been the topic of a number of analyst reports. B. Riley raised their price target on Twenty-First Century Fox Inc Class A from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research upgraded Twenty-First Century Fox Inc Class A from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Macquarie raised their price target on Twenty-First Century Fox Inc Class A from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, September 6th. Loop Capital raised their price target on Twenty-First Century Fox Inc Class A to $47.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Finally, UBS Group cut Twenty-First Century Fox Inc Class A from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Friday, July 20th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.31.

Shares of FOXA stock opened at $44.81 on Friday. The stock has a market cap of $82.70 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.30 and a beta of 1.32. Twenty-First Century Fox Inc Class A has a 1 year low of $24.81 and a 1 year high of $50.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 2.35.

Twenty-First Century Fox Inc Class A (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.52 billion. Twenty-First Century Fox Inc Class A had a return on equity of 18.71% and a net margin of 14.68%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. analysts predict that Twenty-First Century Fox Inc Class A will post 2.04 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Wednesday, September 12th will be issued a dividend of $0.18 per share. This represents a dividend yield of 0.79%. The ex-dividend date is Tuesday, September 11th. Twenty-First Century Fox Inc Class A’s payout ratio is 18.27%.

Twenty-First Century Fox Inc Class A 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.

Further Reading: How to Invest in Growth Stocks

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Twenty-First Century Fox Inc Class A (NASDAQ:FOXA).

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

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