Fox Co. (NASDAQ:FOXA) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 157.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,031 shares of the company's stock after acquiring an additional 17,765 shares during the quarter. Tower Research Capital LLC TRC's holdings in FOX were worth $1,410,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOXA. DnB Asset Management AS lifted its position in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after acquiring an additional 245 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in 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 in the last quarter. SRS Capital Advisors Inc. increased its stake in 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 buying an additional 262 shares during the period. US Bancorp DE raised its stake in shares of FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after buying an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings 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 worth $524,000 after purchasing an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $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 owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FOXA. Wolfe Research lowered 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. Loop Capital raised their price target on shares of FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and lifted their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Two 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's stock. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and a consensus target price of $50.65.

FOX Stock Performance

Shares of FOXA opened at $48.66 on Thursday. The company has a market capitalization of $22.06 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a one year low of $30.92 and a one year high of $58.74. The company's fifty day moving average price is $53.08 and its 200 day moving average price is $49.19.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company's quarterly revenue was up 19.9% compared to the same quarter last year. As a group, analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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 $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio is currently 11.56%.

FOX 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.

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