$0.71 EPS Expected for Avnet, Inc. (AVT); Fiduciary Management Has Trimmed Its 21St Century Fox (FOX) Stake

October 13, 2017 - By Winifred Garcia

Fiduciary Management Inc decreased 21St Century Fox (FOX) stake by 6.14% reported in 2017Q2 SEC filing. Fiduciary Management Inc sold 870,534 shares as 21St Century Fox (FOX)’s stock declined 9.69%. The Fiduciary Management Inc holds 13.31M shares with $370.83M value, down from 14.18M last quarter. 21St Century Fox now has $47.89 billion valuation. The stock declined 8.00% or $2.04 reaching $23.45 per share. About 200 shares traded. Twenty-First Century Fox Inc (NASDAQ:FOX) has declined 4.35% since October 13, 2016 and is downtrending. It has underperformed by 21.05% the S&P500.

Analysts expect Avnet, Inc. (NYSE:AVT) to report $0.71 EPS on October, 26.They anticipate $0.20 EPS change or 21.98% from last quarter’s $0.91 EPS. AVT’s profit would be $86.76M giving it 14.29 P/E if the $0.71 EPS is correct. After having $0.84 EPS previously, Avnet, Inc.’s analysts see -15.48% EPS growth. The stock decreased 0.25% or $0.1 during the last trading session, reaching $40.59. About shares traded. Avnet, Inc. (NYSE:AVT) has declined 4.87% since October 13, 2016 and is downtrending. It has underperformed by 21.57% the S&P500.

Fiduciary Management Inc increased Mednax Inc. (NYSE:MD) stake by 587,248 shares to 1.03 million valued at $62.18 million in 2017Q2. It also upped C stake by 2.40M shares and now owns 4.22 million shares. Tjx Companies Inc (NYSE:TJX) was raised too.

Among 2 analysts covering Twenty-First Century Fox (NASDAQ:FOX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Twenty-First Century Fox had 2 analyst reports since February 18, 2016 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, February 18 with “Buy”.

Investors sentiment decreased to 0.96 in Q2 2017. Its down 0.24, from 1.2 in 2017Q1. It dropped, as 42 investors sold FOX shares while 120 reduced holdings. 33 funds opened positions while 123 raised stakes. 426.07 million shares or 0.95% more from 422.07 million shares in 2017Q1 were reported. Fjarde Ap owns 101,289 shares. Hartford Inv Mgmt holds 106,193 shares or 0.06% of its portfolio. The Switzerland-based Gam Holding Ag has invested 0% in Twenty-First Century Fox Inc (NASDAQ:FOX). Mutual Of America Mngmt Limited Com has invested 0.03% in Twenty-First Century Fox Inc (NASDAQ:FOX). Jolley Asset Mngmt Ltd has 136,086 shares. Capstone Asset Communication invested in 0.01% or 13,840 shares. Pub Employees Retirement Of Ohio holds 302,809 shares. Mufg Americas, New York-based fund reported 1,835 shares. Assetmark stated it has 0% in Twenty-First Century Fox Inc (NASDAQ:FOX). Bnp Paribas Arbitrage Sa reported 253,724 shares. Price T Rowe Assocs Md holds 0.23% or 46.27M shares in its portfolio. Aberdeen Asset Management Public Ltd Com Uk invested 0.03% in Twenty-First Century Fox Inc (NASDAQ:FOX). Victory Capital Mgmt invested in 8,394 shares. M&R Capital Mgmt has invested 0% in Twenty-First Century Fox Inc (NASDAQ:FOX). Guernsey-based Bluecrest Capital Limited has invested 0.01% in Twenty-First Century Fox Inc (NASDAQ:FOX).

Among 10 analysts covering Avnet Inc. (NYSE:AVT), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Avnet Inc. had 23 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, September 20 by Cross Research. The stock of Avnet, Inc. (NYSE:AVT) earned “Hold” rating by SunTrust on Wednesday, October 11. Longbow upgraded Avnet, Inc. (NYSE:AVT) on Friday, January 22 to “Buy” rating. Suntrust Robinson downgraded Avnet, Inc. (NYSE:AVT) on Friday, April 28 to “Hold” rating. The firm has “Neutral” rating given on Wednesday, April 27 by Bank of America. The rating was downgraded by Bank of America to “Underperform” on Friday, July 14. The firm earned “Sell” rating on Thursday, September 22 by Citigroup. The firm has “Neutral” rating by Longbow given on Friday, April 28. On Thursday, August 11 the stock rating was maintained by Citigroup with “Sell”. The firm earned “Hold” rating on Wednesday, August 9 by Stifel Nicolaus.

Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The company has market cap of $4.96 billion. The Firm operates through Electronics Marketing segment. It has a 19.8 P/E ratio. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets.

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