Maryland State Retirement & Pension System Sells 1,775 Shares of Fox Co. (NASDAQ:FOXA)

Maryland State Retirement & Pension System trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 13.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,807 shares of the company’s stock after selling 1,775 shares during the quarter. Maryland State Retirement & Pension System’s holdings in FOX were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of FOX by 5.4% during the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after purchasing an additional 425,186 shares during the period. Amundi lifted its stake in FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company’s stock worth $119,006,000 after purchasing an additional 219,380 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FOX by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock valued at $117,458,000 after buying an additional 37,505 shares during the period. KBC Group NV grew its stake in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after buying an additional 851,127 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of FOX by 3.0% in the fourth quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company’s stock worth $82,028,000 after buying an additional 49,365 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on 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 in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Trading Down 0.0 %

NASDAQ FOXA opened at $53.39 on Tuesday. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The company has a 50 day moving average price of $53.16 and a 200 day moving average price of $47.67. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $24.21 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

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

FOX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FOXA shares. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Guggenheim raised their price target on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Citigroup boosted their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays raised their target price on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, FOX has a consensus rating of “Hold” and an average target price of $51.19.

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.