Bridgewater Associates LP Has $20.85 Million Stake in Fox Co. (NASDAQ:FOXA)

Bridgewater Associates LP lowered its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 429,230 shares of the company's stock after selling 116,425 shares during the quarter. Bridgewater Associates LP owned 0.09% of FOX worth $20,852,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. DnB Asset Management AS boosted its holdings in FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the period. SRS Capital Advisors Inc. grew its holdings in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the period. US Bancorp DE boosted its stake in shares of FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the period. Finally, Metis Global Partners LLC boosted its position in FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after purchasing an additional 292 shares during the period. Institutional investors own 52.52% of the company's stock.

FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.29 during trading on Friday, reaching $47.97. 3,921,573 shares of the company traded hands, compared to its average volume of 3,386,053. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm's fifty day simple moving average is $53.51 and its 200 day simple moving average is $49.07. Fox Co. has a 12-month low of $30.87 and a 12-month high of $58.74. The stock has a market cap of $21.75 billion, a P/E ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 EPS. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors 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 (DPR) is 11.56%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FOXA. UBS Group lowered their price objective on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Loop Capital upped their price target on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $50.65.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company'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 transaction, the insider now directly 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. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

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.