Partners Capital Investment Group LLP Reduces Stock Holdings in Fox Co. (NASDAQ:FOXA)

Partners Capital Investment Group LLP lessened its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,319 shares of the company's stock after selling 178,065 shares during the quarter. Partners Capital Investment Group LLP's holdings in FOX were worth $5,456,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the 4th quarter worth approximately $28,000. Brooklyn Investment Group grew its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares during the last quarter. Quest Partners LLC purchased a new stake in FOX during the 3rd quarter worth approximately $51,000. Quarry LP purchased a new stake in FOX during the 3rd quarter worth approximately $70,000. Finally, Versant Capital Management Inc grew its position in FOX by 3,551.1% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America upped their price objective on shares of FOX from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Moffett Nathanson downgraded shares of FOX from a "buy" rating to a "neutral" rating and upped their price objective for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FOX from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Guggenheim upped their price objective on shares of FOX from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group upped their price objective on shares of FOX from $51.00 to $57.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $51.00.

FOX Price Performance

NASDAQ:FOXA traded down $0.06 during trading hours on Thursday, reaching $57.40. 4,699,165 shares of the company were exchanged, compared to its average volume of 3,732,081. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock's 50-day moving average is $50.43 and its 200-day moving average is $45.23. The firm has a market cap of $26.03 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.76. Fox Co. has a twelve month low of $28.28 and a twelve month high of $57.72.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 14.39% and a return on equity of 18.50%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given 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 dividend payout ratio is presently 11.56%.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The shares were 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 directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company 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.