Fox Co. (NASDAQ:FOXA) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its position in Fox Co. (NASDAQ:FOXA) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,691 shares of the company’s stock after selling 1,287 shares during the quarter. UniSuper Management Pty Ltd’s holdings in FOX were worth $1,540,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its holdings in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised its stake in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group lifted its holdings in 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 last quarter. Finally, Quest Partners LLC purchased a new stake in FOX during the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. Loop Capital upped their target price on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group increased their target price on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price target on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. One 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.13.

FOX Stock Down 0.3 %

FOXA opened at $54.73 on Monday. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The business has a 50 day moving average price of $53.69 and a two-hundred day moving average price of $48.10. 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 company has a market cap of $24.82 billion, a PE ratio of 11.72, a P/E/G ratio of 1.27 and a beta of 0.67.

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

FOX Dividend Announcement

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

Insider Activity

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value 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 $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

About FOX

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.