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

Invesco Ltd. trimmed its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,572,606 shares of the company's stock after selling 65,564 shares during the period. Invesco Ltd. owned 0.78% of FOX worth $173,557,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FOXA. Pacer Advisors Inc. increased its position in FOX by 5.4% in the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock worth $405,194,000 after buying an additional 425,186 shares in the last quarter. Norges Bank purchased a new stake in shares of FOX in the fourth quarter worth $132,161,000. Amundi raised its position in shares of FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company's stock valued at $119,006,000 after purchasing an additional 219,380 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of FOX by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company's stock valued at $117,458,000 after buying an additional 37,505 shares in the last quarter. Finally, KBC Group NV boosted its holdings in FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after buying an additional 851,127 shares during the period. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FOXA has been the topic of several research analyst reports. Barclays lowered their price objective on FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital lifted their price objective on shares of FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Moffett Nathanson lowered FOX from a "buy" rating to a "neutral" rating and raised their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $50.65.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction 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 transaction, the insider now owns 29,897 shares in the company, 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. 21.77% of the stock is currently owned by corporate insiders.

FOX Trading Down 0.6 %

Shares of FOXA traded down $0.29 during trading hours on Friday, reaching $47.97. 3,921,573 shares of the company traded hands, compared to its average volume of 3,380,647. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $30.39 and a 12-month high of $58.74. The stock's fifty day moving average price is $53.62 and its 200 day moving average price is $49.03.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 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 the consensus estimate of $4.78 billion. During the same period last year, the business posted $0.34 EPS. FOX's quarterly revenue was up 19.9% on a year-over-year basis. Sell-side analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend 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.