Todd Asset Management LLC Sells 73,312 Shares of Fox Co. (NASDAQ:FOXA)

Todd Asset Management LLC reduced its holdings in Fox Co. (NASDAQ:FOXA) by 11.8% during the 4th quarter, Holdings Channel reports. The fund owned 547,322 shares of the company’s stock after selling 73,312 shares during the quarter. Todd Asset Management LLC’s holdings in FOX were worth $26,589,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the fourth quarter worth $28,000. Brooklyn Investment Group lifted its position 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 in the last quarter. Quest Partners LLC acquired a new position in FOX during the 3rd quarter worth about $51,000. Quarry LP acquired a new stake in FOX in the 3rd quarter valued at about $70,000. Finally, Versant Capital Management Inc raised its stake in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after acquiring an additional 1,669 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Price Performance

FOXA opened at $58.00 on Tuesday. The stock has a market cap of $26.30 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.27 and a beta of 0.76. Fox Co. has a 12 month low of $28.28 and a 12 month high of $58.38. 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 fifty day simple moving average of $51.05 and a 200 day simple moving average of $45.68.

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

FOX Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on FOXA shares. Loop Capital increased their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Evercore ISI raised FOX to a “hold” rating in a research note on Tuesday, November 5th. TD Cowen upped their price target on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America upped their target price on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.19.

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.77% of the stock is owned by 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.