Fox Co. (NASDAQ:FOXA) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of Fox Co. (NASDAQ:FOXA) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,252,673 shares of the company’s stock after selling 57,373 shares during the period. Barclays PLC’s holdings in FOX were worth $60,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WealthTrak Capital Management LLC acquired a new position in shares of FOX during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter valued at $28,000. Jones Financial Companies Lllp lifted its holdings in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after purchasing an additional 368 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Down 3.6 %

NASDAQ:FOXA opened at $48.26 on Thursday. Fox Co. has a 52 week low of $30.30 and a 52 week high of $58.74. 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 stock’s fifty day moving average is $53.73 and its two-hundred day moving average is $48.99. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 analysts’ expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Research analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Loop Capital upped their price target on FOX from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wolfe Research cut FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price for the company. in a report on Monday, April 7th. Finally, Citigroup lifted their price target on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.94.

Insiders Place Their Bets

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

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.