Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Fox Co. (NASDAQ:FOXA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 63.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,024 shares of the company's stock after purchasing an additional 18,321 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in FOX were worth $2,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of FOX by 61.5% in 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 last quarter. SRS Capital Advisors Inc. grew its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares during the period. US Bancorp DE increased 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 purchasing an additional 281 shares during the last quarter. Metis Global Partners LLC lifted its stake in FOX by 2.8% in the fourth 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 last quarter. Finally, Callan Capital LLC grew its holdings in FOX by 7.4% during the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company's stock valued at $262,000 after purchasing an additional 371 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays boosted their target price on FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of FOX from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Loop Capital boosted their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $51.13.

FOX Trading Down 0.3 %

Shares of NASDAQ:FOXA traded down $0.19 during trading on Friday, reaching $54.73. 3,149,344 shares of the company traded hands, compared to its average volume of 3,259,978. The business's fifty day moving average is $53.55 and its 200-day moving average is $47.88. Fox Co. has a 52-week low of $30.02 and a 52-week 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. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the firm posted $0.34 EPS. The business's revenue was up 19.9% on a year-over-year basis. As a group, analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid 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 dividend payout ratio is currently 11.56%.

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.