Fox Co. (NASDAQ:FOXA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of Fox Co. (NASDAQ:FOXA) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 878,874 shares of the company’s stock after selling 43,207 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of FOX worth $26,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. grew its stake in FOX by 0.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 41,656 shares of the company’s stock worth $1,236,000 after buying an additional 324 shares during the last quarter. Prudential PLC grew its stake in FOX by 1.6% during the 3rd quarter. Prudential PLC now owns 23,068 shares of the company’s stock worth $720,000 after buying an additional 362 shares during the last quarter. Empirical Finance LLC grew its stake in FOX by 3.8% during the 3rd quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock worth $319,000 after buying an additional 372 shares during the last quarter. MV Capital Management Inc. grew its stake in FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after buying an additional 379 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in FOX by 3.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 13,243 shares of the company’s stock worth $393,000 after buying an additional 384 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 price target on shares of FOX in a research report on Monday, April 15th. Macquarie boosted their price target on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Wolfe Research upgraded FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.40.

FOX Trading Up 1.0 %

Shares of FOX stock opened at $31.33 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. The business has a fifty day simple moving average of $30.40 and a 200-day simple moving average of $30.42. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that Fox Co. will post 3.18 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.26 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio is 30.77%.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.