Fox Co. (NASDAQ:FOXA) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,381 shares of the company's stock after selling 5,401 shares during the quarter. Gamco Investors INC. ET AL owned 0.09% of FOX worth $19,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in FOX during the 4th quarter valued at about $132,161,000. Jupiter Asset Management Ltd. bought a new position in FOX in the 4th quarter valued at $67,471,000. FMR LLC lifted its position in shares of FOX by 240.2% during the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after purchasing an additional 1,330,908 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of FOX by 308.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after purchasing an additional 919,883 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in FOX by 3,077.5% during the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after buying an additional 857,609 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

FOX Price Performance

FOXA traded down $0.29 during trading on Friday, reaching $47.97. The company's stock had a trading volume of 3,921,573 shares, compared to its average volume of 3,386,053. Fox Co. has a 1 year low of $30.87 and a 1 year high of $58.74. The company 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 quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $53.51 and a two-hundred day simple moving average of $49.07.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm 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%. FOX's revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. As a group, analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FOXA shares. Wells Fargo & Company decreased their price target on shares of FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group decreased their price objective on FOX from $63.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Barclays cut their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Loop Capital upped their target price on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $50.65.

Insider Buying and Selling at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm'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 directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents 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.

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.