The Retirement Systems of Alabama invests in Twenty-First Century Fox Inc. (FOX) Shares

The Retirement Systems of Alabama invests in Twenty-First Century Fox Inc. (FOX) Shares

Retirement Systems of Alabama boosted its position in shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,831 shares of the company’s stock after buying an additional 228 shares during the period. Retirement Systems of Alabama’s holdings in Twenty-First Century Fox were worth $5,990,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Twenty-First Century Fox by 5.2% in the first quarter. State Street Corp now owns 16,905,527 shares of the company’s stock worth $476,730,000 after buying an additional 841,304 shares during the period. Dodge & Cox raised its position in Twenty-First Century Fox by 1.6% in the first quarter. Dodge & Cox now owns 14,227,300 shares of the company’s stock worth $401,210,000 after buying an additional 219,900 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Twenty-First Century Fox by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,235,808 shares of the company’s stock worth $316,850,000 after buying an additional 121,611 shares during the period. Fiduciary Management Inc. WI purchased a new position in Twenty-First Century Fox during the first quarter worth approximately $160,372,000. Finally, Geode Capital Management LLC raised its position in Twenty-First Century Fox by 2.0% in the first quarter. Geode Capital Management LLC now owns 3,827,652 shares of the company’s stock worth $107,735,000 after buying an additional 75,734 shares during the period. Hedge funds and other institutional investors own 21.66% of the company’s stock.

Shares of Twenty-First Century Fox Inc. (NASDAQ:FOX) traded down 0.28% during midday trading on Wednesday, hitting $24.76. 2,708,459 shares of the stock traded hands. The firm has a 50-day moving average price of $24.73 and a 200-day moving average price of $27.52. Twenty-First Century Fox Inc. has a 52 week low of $22.65 and a 52 week high of $31.58. The stock has a market capitalization of $46.12 billion, a P/E ratio of 17.49 and a beta of 1.30.

The business also recently declared a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, September 14th will be paid a $0.18 dividend. The ex-dividend date is Monday, September 12th. Twenty-First Century Fox’s payout ratio is currently 25.35%.

A number of equities analysts have recently issued reports on FOX shares. Zacks Investment Research lowered shares of Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 target price (down from $36.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 4th. Citigroup Inc. reiterated a “buy” rating and set a $31.00 target price (down from $32.00) on shares of Twenty-First Century Fox in a research report on Tuesday, August 16th. FBR & Co reiterated a “market perform” rating and set a $38.00 target price (down from $42.00) on shares of Twenty-First Century Fox in a research report on Friday, August 5th. Finally, TheStreet lowered shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.44.

In related news, insider Jeffrey W. Ubben purchased 3,000,000 shares of Twenty-First Century Fox stock in a transaction dated Thursday, August 18th. The shares were bought at an average cost of $26.06 per share, for a total transaction of $78,180,000.00. The acquisition was disclosed in a document filed with the SEC, 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 operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. 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, telecommunications companies and online video distributors in the United States and internationally.

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