Fox Co. (NASDAQ:FOXA) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lessened its stake in Fox Co. (NASDAQ:FOXA) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,788 shares of the company’s stock after selling 5,840 shares during the quarter. Financial Counselors Inc.’s holdings in FOX were worth $4,702,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in FOX by 2.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 336,359 shares of the company’s stock worth $16,340,000 after buying an additional 9,085 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in FOX by 68.3% during the fourth quarter. Prestige Wealth Management Group LLC now owns 7,482 shares of the company’s stock worth $363,000 after purchasing an additional 3,037 shares during the last quarter. Stevens Capital Management LP boosted its holdings in FOX by 16.3% in the fourth quarter. Stevens Capital Management LP now owns 8,809 shares of the company’s stock worth $428,000 after purchasing an additional 1,234 shares during the period. LPL Financial LLC increased its stake in FOX by 133.8% during the fourth quarter. LPL Financial LLC now owns 43,791 shares of the company’s stock valued at $2,127,000 after purchasing an additional 25,060 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of FOX during the fourth quarter worth $14,098,000. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.5 %

Shares of FOX stock opened at $55.21 on Thursday. The business has a fifty day simple moving average of $53.42 and a 200-day simple moving average of $47.83. Fox Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Moffett Nathanson downgraded shares of FOX from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Barclays increased their price target on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Loop Capital boosted their price objective on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on FOX from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, FOX presently has an average rating of “Hold” and a consensus price target of $51.13.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.