Twenty-First Century Fox (FOX) Shares Gap Down to $39.55

Shares of Twenty-First Century Fox Inc (NASDAQ:FOX) gapped down prior to trading on Wednesday . The stock had previously closed at $37.70, but opened at $39.55. Twenty-First Century Fox shares last traded at $38.05, with a volume of 211411 shares changing hands.

A number of equities research analysts recently weighed in on FOX shares. BidaskClub raised shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, ValuEngine lowered shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st.

The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.79 and a current ratio of 4.29. The firm has a market cap of $73.44 billion, a PE ratio of 19.09 and a beta of 0.94.

Twenty-First Century Fox (NASDAQ:FOX) last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $8.50 billion for 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. Stockholders of record on Monday, April 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a dividend yield of 0.73%. This is a positive change from Twenty-First Century Fox’s previous semiannual dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio is presently 18.27%.

In other news, EVP Gerson Zweifach sold 36,007 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $49.41, for a total value of $1,779,105.87. Following the completion of the sale, the executive vice president now owns 38,740 shares of the company’s stock, valued at $1,914,143.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lachlan K. Murdoch sold 316,317 shares of the stock in a transaction on Thursday, March 14th. The stock was 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 directly owns 618,374 shares of the company’s stock, valued at approximately $31,660,748.80. The disclosure for this sale can be found here. 39.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc increased its position in shares of Twenty-First Century Fox by 3,079.9% in the fourth quarter. MUFG Securities EMEA plc now owns 419,900 shares of the company’s stock worth $20,063,000 after acquiring an additional 406,695 shares in the last quarter. Norges Bank bought a new position in Twenty-First Century Fox during the 4th quarter valued at $630,837,000. Teacher Retirement System of Texas boosted its stake in Twenty-First Century Fox by 311.1% during the 4th quarter. Teacher Retirement System of Texas now owns 230,243 shares of the company’s stock valued at $11,001,000 after acquiring an additional 174,232 shares during the last quarter. FMR LLC boosted its stake in Twenty-First Century Fox by 106.0% during the 4th quarter. FMR LLC now owns 1,948,573 shares of the company’s stock valued at $93,102,000 after acquiring an additional 1,002,880 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in shares of Twenty-First Century Fox in the 4th quarter worth about $1,012,000. 23.12% of the stock is owned by institutional investors.

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About Twenty-First Century Fox (NASDAQ: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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