Fox Co. (NASDAQ:FOXA) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 723,188 shares of the company's stock after selling 16,134 shares during the period. PNC Financial Services Group Inc. owned approximately 0.16% of FOX worth $35,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after buying an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp lifted its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of 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 purchasing an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of FOX in the 3rd quarter valued at approximately $51,000. 52.52% of the stock is owned by institutional investors.

FOX Trading Down 2.8 %

FOXA traded down $1.55 during trading on Monday, hitting $54.12. 3,852,292 shares of the stock were exchanged, compared to its average volume of 3,868,271. Fox Co. has a 1 year low of $28.91 and a 1 year high of $58.74. The firm has a 50 day simple moving average of $52.41 and a 200 day simple moving average of $46.86. The firm has a market cap of $24.54 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

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FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business 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. The business's revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

Several research firms have recently issued reports on FOXA. Loop Capital raised their price objective on FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. 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 note on Tuesday, January 21st. Citigroup raised their price objective on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. 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. Finally, Wells Fargo & Company raised their price target on FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $51.19.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 completion of the sale, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction 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 completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

FOX 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.