Insider Selling: Twenty-First Century Fox Inc (FOX) Insider Sells 316,317 Shares of Stock

Twenty-First Century Fox Inc (NASDAQ:FOX) insider Lachlan K. Murdoch sold 316,317 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $51.20, for a total value of $16,195,430.40. Following the completion of the transaction, the insider now directly owns 618,374 shares of the company’s stock, valued at $31,660,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:FOX traded up $0.26 on Thursday, reaching $51.32. The company’s stock had a trading volume of 9,634,689 shares, compared to its average volume of 4,482,362. Twenty-First Century Fox Inc has a 1-year low of $34.94 and a 1-year high of $51.71. The company has a current ratio of 4.29, a quick ratio of 3.79 and a debt-to-equity ratio of 0.55. The stock has a market cap of $94.11 billion, a price-to-earnings ratio of 26.05 and a beta of 0.94.

Twenty-First Century Fox (NASDAQ:FOX) last posted its earnings results on Wednesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The firm had revenue of $8.50 billion during the quarter.



The company 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 dividend of $0.18 per share. This is a boost from Twenty-First Century Fox’s previous semiannual dividend of $0.15. This represents a dividend yield of 0.73%. The ex-dividend date is Friday, April 5th. Twenty-First Century Fox’s dividend payout ratio is currently 18.27%.

A number of research analysts have issued reports on the company. BidaskClub raised Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Zacks Investment Research cut Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, ValuEngine cut Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st.

Several hedge funds have recently bought and sold shares of the company. MUFG Securities EMEA plc boosted its position in shares of Twenty-First Century Fox by 3,079.9% during the fourth quarter. MUFG Securities EMEA plc now owns 419,900 shares of the company’s stock worth $20,063,000 after buying an additional 406,695 shares during the period. Norges Bank acquired a new position in shares of Twenty-First Century Fox during the fourth quarter worth about $630,837,000. Teacher Retirement System of Texas boosted its position in shares of Twenty-First Century Fox by 311.1% during the fourth quarter. Teacher Retirement System of Texas now owns 230,243 shares of the company’s stock worth $11,001,000 after buying an additional 174,232 shares during the period. FMR LLC boosted its position in shares of Twenty-First Century Fox by 106.0% during the fourth quarter. FMR LLC now owns 1,948,573 shares of the company’s stock worth $93,102,000 after buying an additional 1,002,880 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in shares of Twenty-First Century Fox during the fourth quarter worth about $1,012,000. 23.13% of the stock is owned by institutional investors.

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About Twenty-First Century 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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