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FOXA $31.17

FOXA target price
31.17
0
46
Twenty-First Century Fox, Inc.
Trading name
21st Century Fox
Type
Public
Traded as
  • Class A NASDAQ: FOXA
  • Class B NASDAQ: FOX
  • NASDAQ-100 Component (FOX and FOXA)
  • S&P 100 Component (FOX and FOXA)
  • S&P 500 Component (FOX and FOXA)
ISIN US90130A1016
US90130A2006
Industry Mass media
Predecessor News Corporation
Founded June 28, 2013; 4 years ago (2013-06-28)
New York City
Founder Rupert Murdoch
Headquarters 1211 Avenue of the Americas, New York, NY 10036
U.S.
Area served
Worldwide
Key people
Rupert Murdoch
(Executive Chairman)
Lachlan Murdoch
(Executive Chairman)
James Murdoch
(CEO)
Peter Rice
(President)
Products Broadcasting, Movie production, TV production, Cable television, Record label, Internet
Revenue Decrease US$27.32 billion (2016)
Operating income
Decrease US$4.15 billion (2016)
Net income
Decrease US$2.75 billion (2016)
Total assets Decrease US$48.19 billion (2016)
Total equity Decrease US$13.66 billion (2016)
Number of employees
21,500 (2016)
Divisions Fox Entertainment Group
Fox Networks Group
Subsidiaries 20th Century Fox
Sky plc (39.14%)
Endemol Shine Group (50%)Fox Television Stations
National Geographic Partners (73%)
Hulu (30%)
Star TV
TrueX
Fox Digital Entertainment
Regency Enterprises (20%)
FoxNext
Fox VFX Labs
Website 21CF.com

Coordinates: 40°45′31″N 73°58′56″W / 40.7585°N 73.9823°W / 40.7585; -73.9823

Twenty-First Century Fox Inc. (stylized as 21st Century Fox, simply known as Fox, and also called 21CF) is an American multinational mass media corporation based in Midtown Manhattan, New York City. It was one of two companies formed from the 2013 spin-off of the publishing assets of News Corporation, as founded by Rupert Murdoch in 1979. 21st Century Fox is the legal successor to News Corporation dealing primarily in the film and television industries and is currently the world's fourth largest media conglomerate (after Comcast, The Walt Disney Company and Time Warner). The other company, the "new" News Corporation, holds Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39 percent controlling interest in each).

The company's assets include the Fox Entertainment Group—owners of the 20th Century Fox film studio, Fox television network, and Fox News Channel, among other assets. It also has significant foreign operations, including the pan-Asian pay channel operator Star TV, as well as an approximately 39% stake in Sky plc—a European operator of satellite television providers and pay channels in the United Kingdom, Austria, Germany, Ireland, and Italy.

21st Century Fox was formed by the splitting of entertainment and media properties from News Corporation. In February 2012, Natalie Ravitz accepted a position to become Rupert Murdoch’s Chief of Staff at News Corporation. News Corporation's board approved the split on May 24, 2013, while shareholders approved the split on June 11, 2013; the company completed the split on June 28 and formally started trading on the NASDAQ on July 1. Plans for the split were originally announced on June 28, 2012, while additional details, and the working name of the new company were unveiled on December 3, 2012.

Murdoch stated that performing this split would "unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division." The move also came in the wake of a series of scandals that had damaged the reputation of the company's publishing operations in the United Kingdom. The split was structured so that the old News Corporation would change its name to 21st Century Fox and spin off its publishing assets into a "new" News Corporation.

While the company was originally announced as the Fox Group, on April 16, 2013, Murdoch announced the new name as a way to suggest the retaining of 20th Century Fox's heritage as the group advances into the future. Its logo was officially unveiled on May 9, 2013, featuring a modernized version of the iconic Fox searchlights. However, the 21st Century Fox brand does not extend to the existing 20th Century Fox division (which remains under its original name).

The formation of 21st Century Fox was officially finalized on June 28, 2013. It formally began trading on the NASDAQ and Australian Securities Exchange on July 1, 2013.

On January 8, 2014, Rupert Murdoch announced plans to delist 21st Century Fox's shares from the Australian Securities Exchange, in favor of solely trading on the NASDAQ. Its listing in Australia was a holdover from its period as News Corporation, and 21st Century Fox has relatively little presence in Australia, unlike News Corp. Murdoch stated that the changes, which were expected to be complete by June 2014, would "simplify the capital and operating structure" of 21st Century Fox and provide "improved liquidity" to shareholders. Also that month, the company acquired a majority ownership in YES Network.

In June 2014, 21st Century Fox made a bid to acquire Time Warner, which had similarly spun off its publishing assets, for $80 billion in a cash and stock deal. The deal, which was rejected by Time Warner's board of directors in July 2014, would have also involved the sale of CNN to ease antitrust issues. On August 5, 2014, 21st Century Fox announced it had withdrawn its bid for Time Warner. The company's stock had fallen sharply since the bid was announced, prompting directors to announce 21st Century Fox would buy back $6 billion of its shares over the following 12 months.

On July 25, 2014, 21st Century Fox announced the sale of Sky Italia and Sky Deutschland to BSkyB for $9 billion, subject to regulatory and shareholder approval. Fox would use the money from the sale, along with $25 billion it received from Goldman Sachs, to attempt another bid for Time Warner.

In December 2014, Fox-owned television studio Shine Group merged with the Dutch studio Endemol and Core Media Group to form Endemol Shine Group, which is jointly owned by 21st Century Fox and Apollo Global Management.

On September 9, 2015, 21st Century Fox announced a for-profit joint venture with the National Geographic Society, National Geographic Partners, which took ownership of all of National Geographic media and consumer businesses, including National Geographic magazine, and the National Geographic-branded television channels that were already run as a joint venture with Fox. 21st Century Fox holds a 73% stake in the company.

On December 15, 2016, 21st Century Fox reached an agreement to take over the 61% of Sky that it did not already own. The company was valued at £18.5 billion. The deal was approved by the European Commission on April 7, 2017, followed by Ireland's Minister for Communications, Climate Action and Environment on June 27. However, the deal has become subject to scrutiny and an extended regulatory review in the United Kingdom over concerns surrounding the plurality of British media that will be owned by the Murdoch family post-merger (counting News Corp's newspapers and recent acquisition of radio station operator Wireless Group), and violations of British news broadcasting regulations connected to Sky's former carriage of Fox News Channel in the country.

On April 30, 2017, it was reported that 21st Century Fox was in talks to purchase Tribune Media in a joint venture with the Blackstone Group. On May 7, 2017, it was reported that Sinclair Broadcast Group was nearing a deal to purchase Tribune Media, and that 21st Century Fox had dropped its bid for the company. The deal was officially announced the next day. On August 2, 2017, it was reported that 21st Century Fox was in talks to form a similar joint venture with Ion Media in an effort to counter Sinclair and displace Fox affiliations from their stations; analysts felt that the proposed partnership was meant as a bargaining ploy against Sinclair, a sit would have to make significant investments into the acquired stations to make them profitable and capable of producing local news programming (Ion stations have historically had few employees or local infrastructure), and that Fox risked losing viewers through these transitions.

On November 6, 2017, it was reported by CNBC that The Walt Disney Company negotiated with Fox to acquire 21st Century Fox's filmed entertainment, cable entertainment, and direct broadcast satellite divisions (including 20th Century Fox, FX Networks, National Geographic Partners, and Fox's international divisions, but excluding divisions such as the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, and Fox Sports). Talks had stalled for the day without a deal being finalized, but CNBC reported on November 10 that the prospected deal has yet to be fully abandoned.

On November 8, 2017, the Kingdom Holding Company, owned by Prince Al-Waleed bin Talal, had recently sold its minority stake in 21st Century Fox. It previously held a 6% stake, making Al-Waleed the company's largest single shareholder behind the Murdoch family; Al-Waleed had also publicly supported Murdoch during the News of the World scandal. Kingdom had reduced its stake to around 5% in 2015, and had sold the remainder during the financial quarter ending September 2017. The valuation of the shares, or who they were sold to, is unknown. Earlier in the week, Al-Waleed was arrested in an anti-corruption probe by the Saudi government.

21st Century Fox's operations can be broadly categorized into four major reporting segments:

Among the divisions of the company is Twentieth Century Fox Consumer Products which "licenses and markets properties worldwide" on behalf of a number of 21st Century Fox assets and third-parties.

As of 2015, the senior vice president for government relations was Joe Welch.

On its formation in 2013, Murdoch was chairman and chief executive officer (CEO) of the company, while Chase Carey took the posts of president and chief operating officer. Co-chairman and Co-CEO positions were created in 2014 and filled by Lachlan Murdoch and James Murdoch, respectively, both sons of Rupert Murdoch.

On July 1, 2015, Lachlan Murdoch was elevated to Co-Executive Chairman alongside his father and James Murdoch replaced his father as CEO. Former COO Chase Carey became Executive Vice Chairman.

21st Century Fox primarily consists of the media and broadcasting properties that were owned by its predecessor, such as the Fox Entertainment Group, STAR TV, and their 39.14% stake in Sky plc. News Corporation's broadcasting properties in Australia, such as Foxtel and Fox Sports Australia, remain a part of the newly renamed News Corp Australia—which was spun off with the new News Corp and is not a part of 21st Century Fox.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2023 2023-02-08 Future report Set alerts
Q1 2023 2022-11-01 1.21 1.21
Q4 2022 2022-08-10 0.74 0.74
Q3 2022 2022-05-10 0.81 0.81
Q2 2022 2022-02-09 0.13 0.13
Q1 2022 2021-11-03 1.11 1.11
Q4 2021 2021-08-04 0.65 0.65
Q3 2021 2021-05-05 0.88 0.88
Q2 2021 2021-02-09 0.16 0.16
Q1 2021 2020-11-03 1.18 1.18

Ratings

2016-07-12 Reiterated Rating Moffett Nathanson Buy
2016-07-09 Reiterated Rating Nomura Holdings Inc. Buy
2016-07-06 Initiated Coverage Brean Capital Hold
2016-06-17 Reiterated Rating Sanford C. Bernstein Outperform
2016-06-07 Reiterated Rating Sanford C. Bernstein Buy
2016-06-01 Boost Price Target Credit Suisse Outperform $34.00 to $38.00
2016-06-01 Boost Price Target Credit Suisse Group AG Outperform $34.00 to $38.00
2016-05-27 Reiterated Rating Morgan Stanley Overweight
2016-05-24 Reiterated Rating Credit Suisse Buy
2016-05-23 Boost Price Target Credit Suisse Outperform $37.00 to $40.00
2016-05-22 Reiterated Rating Pacific Crest Buy $37.00
2016-05-19 Reiterated Rating JPMorgan Chase & Co. Overweight
2016-05-06 Reiterated Rating Sanford C. Bernstein Outperform $35.00
2016-05-05 Reiterated Rating Jefferies Group Buy $33.00
2016-05-05 Boost Price Target Pacific Crest Overweight $34.00 to $37.00
2016-05-05 Boost Price Target Stifel Nicolaus Buy $29.00 to $32.00
2016-05-05 Boost Price Target Topeka Capital Markets Hold $27.00 to $28.00
2016-05-05 Lower Price Target Telsey Advisory Group Outperform $35.00 to $30.00
2016-05-05 Boost Price Target Goldman Sachs Buy $32.00 to $35.00
2016-05-05 Boost Price Target Goldman Sachs Group Inc. Buy $32.00 to $35.00
2016-04-25 Reiterated Rating Wedbush Outperform $33.00 to $34.00
2016-04-19 Reiterated Rating Pivotal Research Buy $31.00 to $36.00
2016-04-18 Boost Price Target Telsey Advisory Group Outperform $30.00 to $35.00
2016-04-14 Reiterated Rating Needham & Company LLC Hold
2016-04-14 Reiterated Rating Credit Suisse Buy $37.00
2016-04-12 Boost Price Target Moffett Nathanson $33.00
2016-04-07 Initiated Coverage RBC Capital Outperform $35.00
2016-04-07 Initiated Coverage Royal Bank Of Canada Outperform $35.00
2016-03-28 Lower Price Target RBC Capital Outperform $38.00 to $37.00
2016-03-17 Downgrade BTIG Research Buy to Neutral
2016-03-16 Reiterated Rating Deutsche Bank Buy
2016-03-16 Reiterated Rating Deutsche Bank AG Buy
2016-03-11 Reiterated Rating FBR & Co. Hold $27.00
2016-03-11 Reiterated Rating FBR & Co Hold $27.00
2016-03-03 Reiterated Rating Credit Suisse Buy $38.00 to $37.00
2016-02-29 Lower Price Target Barclays Overweight $36.00 to $33.00
2016-02-29 Lower Price Target Barclays PLC Overweight $36.00 to $33.00
2016-02-18 Lower Price Target Deutsche Bank Buy $40.00 to $37.00
2016-02-09 Reiterated Rating Sanford C. Bernstein Buy $35.00
2016-02-09 Lower Price Target Pivotal Research Buy $32.00 to $31.00
2016-02-09 Lower Price Target Pacific Crest Overweight $35.00 to $34.00
2016-02-09 Lower Price Target Nomura Buy $31.00 to $30.00
2016-02-09 Lower Price Target Jefferies Group Buy $37.00 to $30.00
2016-02-09 Lower Price Target Goldman Sachs Buy $33.00 to $31.00
2016-02-09 Lower Price Target CLSA $33.00 to $26.00
2016-02-09 Lower Price Target Wedbush Outperform $37.00 to $33.00
2016-02-09 Lower Price Target Cowen and Company Market Perform $32.00 to $31.00
2016-02-09 Lower Price Target Morgan Stanley Overweight $31.00 to $29.00
2016-02-09 Lower Price Target Stifel Nicolaus Buy $39.00 to $29.00
2016-02-09 Lower Price Target Topeka Capital Markets Hold $30.00 to $28.00
2016-02-09 Lower Price Target FBR & Co. Market Perform $30.00 to $27.00
2016-02-09 Lower Price Target Credit Agricole $33.00 to $26.00
2016-02-09 Lower Price Target Nomura Holdings Inc. Buy $31.00 to $30.00
2016-02-09 Lower Price Target Credit Agricole SA $33.00 to $26.00
2016-02-05 Initiated Coverage Telsey Advisory Group Outperform $31.00
2016-02-03 Lower Price Target Topeka Capital Markets Hold $32.00 to $30.00
2016-01-14 Reiterated Rating Jefferies Group Buy
2016-01-06 Boost Price Target Credit Suisse Outperform $34.00 to $38.00
2016-01-05 Reiterated Rating Pacific Crest Overweight
2015-11-18 Lower Price Target Credit Suisse Outperform $35.00 to $34.00
2015-11-18 Lower Price Target Sanford C. Bernstein $38.00 to $35.00
2015-11-17 Reiterated Rating Pacific Crest Overweight $35.00
2015-11-05 Boost Price Target Pacific Crest Overweight $32.00 to $35.00
2015-11-05 Reiterated Rating Macquarie Hold $30.00 to $32.00
2015-11-04 Reiterated Rating Nomura Buy $31.00
2015-11-04 Boost Price Target Topeka Capital Markets Neutral to Hold $31.00 to $32.00
2015-10-26 Lower Price Target Wedbush Outperform $39.00 to $37.00
2015-10-20 Initiated Coverage Pivotal Research Buy to Buy $34.00
2015-10-08 Initiated Coverage Pacific Crest Overweight $32.00
2015-10-05 Reiterated Rating Goldman Sachs Buy
2015-09-29 Lower Price Target CLSA Outperform $36.50 to $29.00
2015-09-29 Lower Price Target Credit Agricole Outperform $36.50 to $29.00
2015-09-25 Lower Price Target Nomura Buy $36.00 to $31.00
2015-08-27 Lower Price Target Topeka Capital Markets Hold $34.00 to $31.00
2015-08-25 Downgrade Wells Fargo & Co. Hold
2015-08-25 Downgrade Wells Fargo Hold
2015-08-24 Downgrade Needham & Company LLC Buy to Hold
2015-08-21 Lower Price Target Cowen and Company Market Perform $32.00
2015-08-20 Lower Price Target Sanford C. Bernstein Outperform $42.00 to $38.00
2015-08-18 Downgrade Wells Fargo & Co. Outperform to Market Perform $37.00 to $32.00
2015-08-18 Downgrade Wells Fargo Outperform to Market Perform $37.00 to $32.00
2015-08-16 Reiterated Rating Barclays Buy
2015-08-14 Lower Price Target Citigroup Inc. Buy $41.00 to $36.00
2015-08-14 Lower Price Target Barclays Overweight $39.00 to $36.00
2015-08-10 Reiterated Rating Deutsche Bank Buy $40.00
2015-08-07 Upgrade Rosenblatt Securities Sell to Neutral $30.00
2015-08-06 Lower Price Target Nomura Buy $38.00 to $36.00
2015-08-06 Lower Price Target Jefferies Group Buy $40.00 to $37.00
2015-08-06 Lower Price Target CLSA $40.00 to $36.50
2015-08-06 Reiterated Rating Topeka Capital Markets Hold $35.00 to $34.00
2015-08-06 Lower Price Target Credit Agricole $40.00 to $36.50
2015-07-20 Downgrade Macquarie Outperform to Neutral $40.00 to $34.00
2015-07-20 Lower Price Target Sanford C. Bernstein Outperform $43.00 to $42.00
2015-07-08 Reiterated Rating Barclays Overweight $39.00
2015-07-07 Reiterated Rating Topeka Capital Markets Hold
2015-07-02 Reiterated Rating Barclays Overweight $39.00
2015-06-15 Downgrade Topeka Capital Markets Buy to Hold $41.00 to $35.00
2015-06-06 Reiterated Rating Barclays Overweight $42.00 to $39.00
2015-06-03 Initiated Coverage Credit Suisse Outperform $40.00
2015-05-12 Reiterated Rating Nomura Buy $38.00
2015-05-12 Reiterated Rating Deutsche Bank Buy $42.00 to $40.00
2015-05-07 Set Price Target Needham & Company LLC Buy $36.00
2015-05-07 Downgrade Atlantic Securities Overweight to Neutral $39.00 to $37.00
2015-04-28 Initiated Coverage Credit Agricole Outperform $40.00
2015-04-28 Initiated Coverage CLSA Outperform $40.00
2015-03-19 Reiterated Rating Deutsche Bank Buy $42.00
2015-03-05 Initiated Coverage Deutsche Bank Buy $42.00
2015-02-05 Reiterated Rating Stifel Nicolaus Buy $41.00 to $39.00
2015-02-05 Set Price Target Jefferies Group Buy $40.00
2015-02-05 Initiated Coverage Rosenblatt Securities Sell $30.00
2015-02-05 Lower Price Target Topeka Capital Markets Buy $43.00 to $41.00
2015-02-05 Downgrade FBR & Co. Outperform to Market Perform $43.00 to $36.00
2015-01-22 Initiated Coverage Societe Generale Hold
2015-01-15 Initiated Coverage Stifel Nicolaus Buy $41.00
2015-01-06 Initiated Coverage Barclays Overweight $42.00
2014-12-16 Initiated Coverage Topeka Capital Markets Buy $43.00
2014-12-01 Initiated Coverage Goldman Sachs Buy $43.00 to $43.00
2014-11-24 Boost Price Target Sterne Agee CRT Buy $40.00 to $43.00
2014-11-05 Reiterated Rating Nomura Hold
2014-10-31 Reiterated Rating FBR & Co. Outperform $44.00 to $43.00
2014-09-22 Reiterated Rating Citigroup Inc. Buy $37.00 to $41.00
2014-08-07 Upgrade Cowen and Company Underperform to Market Perform $29.00 to $35.00
2014-08-05 Initiated Coverage Morgan Stanley Overweight $37.00
2014-07-23 Downgrade Cowen and Company Outperform to Market Perform
2014-07-17 Downgrade Evercore ISI Strong-Buy to Buy
2014-07-09 Initiated Coverage Barclays Overweight $43.00
2014-07-02 Reiterated Rating Nomura Buy $40.00 to $41.00
2014-07-01 Reiterated Rating Goldman Sachs Conviction-Buy to Conviction-Buy
2014-06-25 Initiated Coverage Jefferies Group Buy $43.00
2014-05-19 Initiated Coverage Hudson Square Research Hold
2014-05-08 Reiterated FBR Capital Outperform $42 to $44
2014-05-08 Reiterated Rating Nomura Buy $42.00 to $40.00
2014-05-08 Downgrade Deutsche Bank Buy
2014-05-08 Boost Price Target FBR & Co. Market Perform to Outperform $42.00 to $44.00
2014-04-30 Reiterated Rating Citigroup Inc. Buy $37.00
2014-04-03 Boost Price Target Nomura $40.00 to $42.00
2014-03-17 Boost Price Target Sanford C. Bernstein $44.00 to $45.00
2014-03-05 Boost Price Target BMO Capital Markets $33.00 to $40.00
2014-03-04 Upgrade BMO Capital Markets Market Perform to Outperform $33.00 to $40.00
2014-03-04 Reiterated Rating Credit Suisse Focus List
2014-02-04 Upgrade Hanson Neutral to Buy $36.00
2014-01-15 Initiated Coverage Nomura Buy $40.00
2013-12-19 Initiated Coverage Ascendiant Capital Markets Buy
2013-11-06 Boost Price Target Sterne Agee CRT Buy $36.00 to $40.00
2013-11-06 Boost Price Target RBC Capital Outperform $37.00 to $38.00
2013-11-06 Boost Price Target Evercore ISI $34.00 to $40.00
2013-11-06 Boost Price Target Sanford C. Bernstein Outperform $39.00 to $42.00
2013-11-05 Downgrade FBR & Co. Outperform to Market Perform
2013-10-28 Boost Price Target Cowen and Company $36.00 to $40.00
2013-10-25 Initiated Coverage FBR & Co. Outperform $42.00
2013-10-24 Initiated Coverage Guggenheim Buy
2013-10-21 Boost Price Target Deutsche Bank Buy $36.00 to $42.00
2013-10-18 Upgrade BTIG Research Neutral to Buy $40.00
2013-10-14 Initiated Coverage Hanson Neutral
2013-10-04 Initiated Coverage JPMorgan Chase & Co. Overweight $39.00
2013-08-09 Reiterated Telsey Advisory Group Not Rated $35 to $37.50
2016-07-12 Reiterated Rating Moffett Nathanson Buy
2016-07-09 Reiterated Rating Nomura Holdings Inc. Buy
2016-07-06 Initiated Coverage Brean Capital Hold
2016-06-17 Reiterated Rating Sanford C. Bernstein Outperform
2016-06-07 Reiterated Rating Sanford C. Bernstein Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CAREY CHASE Dep. Chairman, President, COO 0.05%  (748034) FOXA /
UBBEN JEFFREY W See Remarks 0.04%  (500000) AES / FOXA / HSH / VRX / WSH /
MURDOCH JAMES R Dep. COO/Chair and CEO, Int\'l 0.02%  (234236) FOXA / NWSA / TSLA /
NALLEN JOHN EVP, Deputy CFO 0.01%  (198842) FOXA / NWSA /
EDDINGTON RODERICK I 0.01%  (136051) FOXA /
MURDOCH KEITH RUPERT Chairman and CEO 0.01%  (117575) FOXA / NWSA /