Fox Co. (NASDAQ:FOXA) Shares Sold by AGF Management Ltd.

AGF Management Ltd. lowered its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,318 shares of the company's stock after selling 39,885 shares during the quarter. AGF Management Ltd.'s holdings in FOX were worth $2,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. raised its stake in FOX by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company's stock worth $12,320,000 after acquiring an additional 1,178 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of FOX by 1.7% in the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock worth $991,000 after purchasing an additional 385 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of FOX during the third quarter worth about $546,000. GSA Capital Partners LLP purchased a new stake in FOX in the third quarter valued at approximately $620,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in FOX by 69.6% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,674 shares of the company's stock worth $706,000 after buying an additional 6,843 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FOX

In related news, 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 value of $69,178.14. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value 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 disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on FOXA shares. Barclays lifted their price objective on shares of FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. 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. Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company upped their target price on FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Finally, Loop Capital lifted their price target on FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.19.

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FOX Stock Down 2.4 %

Shares of NASDAQ FOXA opened at $51.04 on Friday. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 10.93, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company's 50-day simple moving average is $52.61 and its 200-day simple moving average is $47.01. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $29.14 and a 52-week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company 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. FOX's revenue was up 19.9% compared to the same quarter last year. Equities analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is 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.

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