AustralianSuper Pty Ltd Trims Stock Holdings in Fox Co. (NASDAQ:FOXA)

AustralianSuper Pty Ltd decreased its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,424,019 shares of the company's stock after selling 171,518 shares during the period. AustralianSuper Pty Ltd owned 0.53% of FOX worth $117,759,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FOXA. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the fourth quarter valued at $28,000. Brooklyn Investment Group raised its stake in FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after acquiring an additional 466 shares during the period. Quest Partners LLC purchased a new stake in FOX during the third quarter valued at about $51,000. Quarry LP bought a new position in FOX during the third quarter worth about $70,000. Finally, Versant Capital Management Inc increased its stake in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock worth $83,000 after purchasing an additional 1,669 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of FOXA traded up $1.19 during mid-day trading on Wednesday, hitting $57.48. 8,093,392 shares of the company were exchanged, compared to its average volume of 3,701,856. Fox Co. has a 1-year low of $28.28 and a 1-year high of $57.72. The company has a 50 day moving average of $50.21 and a 200-day moving average of $45.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $26.06 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 1.23 and a beta of 0.76.

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

FOX Dividend Announcement

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

Analysts Set New Price Targets

FOXA has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Loop Capital lifted their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and upped their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on FOX from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, FOX currently has an average rating of "Hold" and an average price target of $51.00.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 completion of the sale, the insider now owns 29,897 shares of the company's stock, 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. 21.77% of the stock is currently owned by corporate insiders.

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.