Handelsbanken Fonder AB Has $665,000 Stock Holdings in Fox Co. (NASDAQ:FOXA)

Handelsbanken Fonder AB reduced its position in Fox Co. (NASDAQ:FOXA) by 47.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,414 shares of the company’s stock after selling 20,434 shares during the period. Handelsbanken Fonder AB’s holdings in FOX were worth $665,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. Northern Trust Corp lifted its position in shares of FOX by 67.8% in the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after buying an additional 2,279,923 shares during the last quarter. Great Lakes Advisors LLC boosted its position in FOX by 39.9% during the third quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after purchasing an additional 688,193 shares during the period. Charles Schwab Investment Management Inc. boosted its position in FOX by 42.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock worth $71,239,000 after purchasing an additional 684,280 shares during the period. AustralianSuper Pty Ltd raised its position in shares of FOX by 66.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock valued at $46,935,000 after purchasing an additional 632,522 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of FOX by 9.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,094,255 shares of the company’s stock worth $32,467,000 after buying an additional 97,922 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Rosenblatt Securities restated a “neutral” rating and issued a $34.00 price target on shares of FOX in a research note on Monday, April 15th. Macquarie increased their price objective on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Wells Fargo & Company decreased their price target on shares of FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. Finally, Wolfe Research upgraded shares of FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average target price of $33.40.

FOX Stock Performance

NASDAQ FOXA opened at $31.57 on Tuesday. Fox Co. has a 1 year low of $28.28 and a 1 year high of $35.40. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 0.42 and a beta of 0.78. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The firm’s 50 day simple moving average is $30.35 and its 200 day simple moving average is $30.41.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. As a group, research analysts expect that Fox Co. will post 3.18 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

About FOX

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.