Unigestion Holding SA Reduces Holdings in Fox Co. (NASDAQ:FOXA)

Unigestion Holding SA cut its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,010 shares of the company's stock after selling 7,153 shares during the quarter. Unigestion Holding SA's holdings in FOX were worth $583,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in shares of FOX during the 4th quarter worth $26,000. SRS Capital Advisors Inc. raised its position in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp grew its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research note on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. 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. Based on data from MarketBeat, FOX has a consensus rating of "Hold" and an average target price of $51.06.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business's 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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated Friday, February 21st. The shares were 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. This represents 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 corporate insiders.

FOX Price Performance

Shares of NASDAQ FOXA traded down $0.63 during trading hours on Friday, reaching $48.89. 4,433,430 shares of the stock traded hands, compared to its average volume of 3,366,300. The company has a market capitalization of $22.17 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company's 50-day simple moving average is $53.98 and its two-hundred day simple moving average is $48.89. 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 $30.02 and a 52-week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm 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 business posted $0.34 EPS. The business's quarterly revenue was up 19.9% on a year-over-year basis. Equities research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is currently 11.56%.

About FOX

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.