Fox Co. (NASDAQ:FOXA) is Independent Franchise Partners LLP's 7th Largest Position

Independent Franchise Partners LLP trimmed its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,177,409 shares of the company's stock after selling 89,506 shares during the period. FOX comprises about 5.9% of Independent Franchise Partners LLP's holdings, making the stock its 7th biggest holding. Independent Franchise Partners LLP owned 3.54% of FOX worth $785,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in shares of FOX in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. boosted its holdings in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the 4th quarter worth $28,000. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale 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 dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FOXA shares. JPMorgan Chase & Co. upped their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a "buy" rating in a research note on Tuesday, February 4th. Barclays reduced their price objective on 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, Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.65.

FOX Price Performance

Shares of NASDAQ FOXA traded down $0.29 during trading hours on Friday, hitting $47.97. 3,921,573 shares of the stock were exchanged, compared to its average volume of 3,380,647. The company's fifty day simple moving average is $53.62 and its two-hundred day simple moving average is $49.03. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 1-year low of $30.39 and a 1-year high of $58.74. The company has a market cap of $21.75 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) 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%. The firm's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, sell-side analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

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