Reliance Trust Co. of Delaware Has $604,000 Position in Twenty-First Century Fox, Inc. (FOXA)

Reliance Trust Co. of Delaware lowered its position in Twenty-First Century Fox, Inc. (NASDAQ:FOXA) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,303 shares of the company’s stock after selling 305 shares during the period. Reliance Trust Co. of Delaware’s holdings in Twenty-First Century Fox were worth $604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Twenty-First Century Fox during the first quarter valued at $106,000. State of Alaska Department of Revenue increased its stake in shares of Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock valued at $124,000 after buying an additional 697 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock valued at $142,000 after buying an additional 2,064 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Twenty-First Century Fox by 3.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,495 shares of the company’s stock valued at $146,000 after buying an additional 151 shares during the last quarter. 53.96% of the stock is currently owned by institutional investors.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) traded up 1.18% on Friday, reaching $28.21. The company’s stock had a trading volume of 6,813,863 shares. The firm’s 50 day moving average is $28.17 and its 200-day moving average is $29.35. Twenty-First Century Fox, Inc. has a 12 month low of $23.33 and a 12 month high of $32.60. The firm has a market cap of $52.30 billion, a P/E ratio of 17.79 and a beta of 1.27.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Twenty-First Century Fox, Inc. will post $2.03 EPS for the current year.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s payout ratio is currently 22.64%.

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Several equities analysts have recently issued reports on FOXA shares. Guggenheim reiterated a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Twenty-First Century Fox in a research report on Friday, April 14th. Pivotal Research restated a “buy” rating and issued a $37.00 target price (up from $36.00) on shares of Twenty-First Century Fox in a report on Sunday, April 23rd. Rosenblatt Securities upgraded Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Thursday, May 11th. FBR & Co decreased their target price on Twenty-First Century Fox from $34.00 to $31.00 and set a “mkt perform” rating on the stock in a report on Thursday, May 11th. Finally, ValuEngine raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.23.

About Twenty-First Century Fox

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.

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

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