Venturi Wealth Management LLC Cuts Holdings in 21st Century Fox (FOXA)

Venturi Wealth Management LLC decreased its position in 21st Century Fox (NASDAQ:FOXA) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 171,239 shares of the company’s stock after selling 12,169 shares during the period. 21st Century Fox comprises 1.2% of Venturi Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Venturi Wealth Management LLC’s holdings in 21st Century Fox were worth $6,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXA. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of 21st Century Fox by 1.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 38,076,036 shares of the company’s stock worth $1,314,765,000 after purchasing an additional 615,918 shares during the last quarter. Independent Franchise Partners LLP increased its position in shares of 21st Century Fox by 3.2% during the 4th quarter. Independent Franchise Partners LLP now owns 29,289,724 shares of the company’s stock worth $1,011,374,000 after purchasing an additional 895,086 shares during the last quarter. Franklin Resources Inc. increased its position in shares of 21st Century Fox by 43.8% during the 4th quarter. Franklin Resources Inc. now owns 22,857,561 shares of the company’s stock worth $789,270,000 after purchasing an additional 6,959,165 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 21st Century Fox by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 17,875,744 shares of the company’s stock worth $617,250,000 after purchasing an additional 444,009 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 21st Century Fox by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 11,411,584 shares of the company’s stock worth $393,232,000 after purchasing an additional 375,620 shares during the last quarter. Hedge funds and other institutional investors own 52.60% of the company’s stock.

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Several research firms have weighed in on FOXA. Loop Capital began coverage on 21st Century Fox in a research report on Thursday, March 15th. They set a “buy” rating and a $43.00 price target on the stock. BMO Capital Markets boosted their price target on 21st Century Fox from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. ValuEngine raised 21st Century Fox from a “hold” rating to a “buy” rating in a research report on Friday, February 9th. Pivotal Research reaffirmed a “hold” rating and set a $35.00 price target on shares of 21st Century Fox in a research report on Tuesday, April 17th. Finally, Zacks Investment Research lowered 21st Century Fox from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.15.

21st Century Fox opened at $38.16 on Thursday, MarketBeat Ratings reports. The company has a current ratio of 2.05, a quick ratio of 1.65 and a debt-to-equity ratio of 0.91. The company has a market cap of $70.16 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. 21st Century Fox has a 1-year low of $37.81 and a 1-year high of $38.07.

21st Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, May 9th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The business had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.40 billion. 21st Century Fox had a return on equity of 17.50% and a net margin of 13.76%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. equities analysts forecast that 21st Century Fox will post 1.96 EPS for the current year.

21st Century Fox Profile

Twenty-First Century Fox, Inc, together with its subsidiaries, operates as a diversified media and entertainment company primarily in the United States, the United Kingdom, Continental Europe, Asia, and Latin America. It operates through Cable Network Programming, Television, and Filmed Entertainment segments.

Institutional Ownership by Quarter for 21st Century Fox (NASDAQ:FOXA)

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