Manikay Partners LLC acquired a new position in shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) during the fourth quarter, Holdings Channel reports. The firm acquired 1,650,000 shares of the company’s stock, valued at approximately $44,963,000. Twenty-First Century Fox comprises 2.4% of Manikay Partners LLC’s investment portfolio, making the stock its 14th largest position.
Several other hedge funds and other institutional investors have also recently modified their holdings of FOX. Simplex Trading LLC raised its position in Twenty-First Century Fox by 476.3% in the third quarter. Simplex Trading LLC now owns 4,213 shares of the company’s stock valued at $104,000 after buying an additional 3,482 shares in the last quarter. Signaturefd LLC raised its position in Twenty-First Century Fox by 17.3% in the second quarter. Signaturefd LLC now owns 4,410 shares of the company’s stock valued at $120,000 after buying an additional 650 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Twenty-First Century Fox during the third quarter valued at approximately $211,000. Victory Capital Management Inc. raised its position in Twenty-First Century Fox by 69.0% in the third quarter. Victory Capital Management Inc. now owns 9,300 shares of the company’s stock valued at $230,000 after buying an additional 3,797 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its position in Twenty-First Century Fox by 2.9% in the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 10,035 shares of the company’s stock valued at $248,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 23.18% of the company’s stock.
Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOX) traded up 1.83% during trading on Tuesday, reaching $30.02. 2,676,206 shares of the company were exchanged. The stock has a market capitalization of $55.56 billion, a P/E ratio of 18.29 and a beta of 1.23. The firm has a 50-day moving average price of $29.46 and a 200-day moving average price of $26.93. Twenty-First Century Fox, Inc. has a 1-year low of $23.88 and a 1-year high of $31.30.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, March 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.40%. This is an increase from Twenty-First Century Fox’s previous quarterly dividend of $0.15. Twenty-First Century Fox’s payout ratio is currently 21.95%.
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Several research analysts recently commented on FOX shares. Zacks Investment Research upgraded Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research report on Monday, November 21st. TheStreet upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.14.
In related news, insider Jeffrey W. Ubben acquired 3,000,000 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were purchased at an average price of $27.78 per share, with a total value of $83,340,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 39.40% of the stock is currently owned by insiders.
Twenty-First Century Fox Company Profile
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.
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