Fox Co. (NASDAQ:FOXA) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Fox Co. (NASDAQ:FOXA) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,488 shares of the company’s stock after selling 45,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in FOX were worth $2,356,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Callan Capital LLC raised its stake in shares of FOX by 7.4% during the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after buying an additional 371 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of FOX by 1.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after buying an additional 385 shares during the period. Ritholtz Wealth Management raised its stake in shares of FOX by 4.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,104 shares of the company’s stock worth $491,000 after buying an additional 399 shares during the period. Kathmere Capital Management LLC raised its stake in shares of FOX by 9.0% during the 4th quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company’s stock worth $255,000 after buying an additional 431 shares during the period. Finally, Brooklyn Investment Group raised its stake in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after buying an additional 466 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company’s stock, valued at approximately $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. Company insiders own 21.77% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the subject of several research analyst reports. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and upped their target price for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Guggenheim increased their price objective on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Bank of America increased their price objective on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price objective on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.19.

FOX Stock Down 0.1 %

Shares of NASDAQ:FOXA opened at $56.84 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $51.36 and a two-hundred day moving average of $45.89. The stock has a market cap of $25.77 billion, a P/E ratio of 12.17, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.38.

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

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

FOX 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.