Commonwealth Equity Services LLC Sells 9,358 Shares of Fox Co. (NASDAQ:FOXA)

Commonwealth Equity Services LLC lessened its position in Fox Co. (NASDAQ:FOXA - Free Report) by 43.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,161 shares of the company's stock after selling 9,358 shares during the period. Commonwealth Equity Services LLC's holdings in FOX were worth $591,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the period. SRS Capital Advisors Inc. raised its position in shares of 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 raised its position in shares of FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after purchasing an additional 281 shares during the period. Metis Global Partners LLC grew its position in shares of FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock valued at $524,000 after purchasing an additional 292 shares during the period. Finally, Callan Capital LLC increased its stake in FOX by 7.4% during the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company's stock worth $262,000 after purchasing an additional 371 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup upped their price target on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Bank of America lifted their price target on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Loop Capital upped their price objective on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, UBS Group lifted their target price on FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $51.06.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

FOX Stock Performance

Shares of NASDAQ:FOXA traded up $4.06 on Wednesday, hitting $51.51. The company had a trading volume of 6,580,955 shares, compared to its average volume of 3,351,426. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.27 and a beta of 0.51. The stock has a 50 day moving average price of $54.15 and a 200 day moving average price of $48.79. Fox Co. has a 1-year low of $30.02 and a 1-year high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

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

FOX Announces Dividend

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

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.