Barclays PLC Reduces Holdings in Fox Co. (NASDAQ:FOXA)

Barclays PLC lowered its position in Fox Co. (NASDAQ:FOXA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,252,673 shares of the company's stock after selling 57,373 shares during the period. Barclays PLC owned approximately 0.27% of FOX worth $60,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Trustmark National Bank Trust Department purchased a new stake in shares of FOX in the 4th quarter valued at $1,071,000. 3Chopt Investment Partners LLC purchased a new stake in FOX in the fourth quarter valued at $501,000. Sterling Capital Management LLC grew its position in FOX by 337.0% during the 4th quarter. Sterling Capital Management LLC now owns 38,331 shares of the company's stock worth $1,862,000 after purchasing an additional 29,560 shares during the period. Paralel Advisors LLC raised its stake in shares of FOX by 10.0% during the 4th quarter. Paralel Advisors LLC now owns 80,294 shares of the company's stock valued at $3,901,000 after buying an additional 7,296 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of FOX in the 4th quarter valued at about $1,315,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company dropped their target price on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research report on Monday, April 7th. Barclays decreased their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital increased their target price on shares of FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $50.65.

FOX Price Performance

FOXA traded down $0.29 during trading on Friday, reaching $47.97. The company's stock had a trading volume of 3,921,573 shares, compared to its average volume of 3,389,865. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51. The firm has a fifty day simple moving average of $53.51 and a two-hundred day simple moving average of $49.11. Fox Co. has a 1 year low of $30.92 and a 1 year 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.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio is presently 11.56%.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the 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 directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction 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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

FOX Company 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.