Grantham Mayo Van Otterloo & Co. LLC Has $12.98 Million Position in Fox Co. (NASDAQ:FOXA)

Grantham Mayo Van Otterloo & Co. LLC cut its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 24.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,095 shares of the company's stock after selling 87,883 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.06% of FOX worth $12,975,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FOXA. Pacer Advisors Inc. increased its position in FOX by 5.4% in the 4th 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 during the period. Norges Bank bought a new position in FOX during the fourth quarter worth $132,161,000. Amundi raised its stake in 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FOX by 1.6% in 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 purchasing an additional 37,505 shares during the period. Finally, KBC Group NV grew its position 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 purchasing an additional 851,127 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Analyst Ratings Changes

FOXA has been the subject of a number of research analyst reports. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Guggenheim restated a "buy" rating and set a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. Moffett Nathanson lowered FOX from a "buy" rating to a "neutral" rating and upped their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their price objective on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, FOX presently has an average rating of "Hold" and a consensus price target of $51.06.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on 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 of the company's stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

FOX Trading Down 0.9 %

NASDAQ:FOXA traded down $0.47 during mid-day trading on Friday, hitting $49.05. The company had a trading volume of 1,105,436 shares, compared to its average volume of 3,350,421. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The firm has a market cap of $22.24 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.27 and a beta of 0.51. The business's fifty day moving average is $54.10 and its two-hundred day moving average is $48.84.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 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 company posted $0.34 EPS. FOX's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, research analysts expect that Fox Co. will post 4.38 earnings per share 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 issued 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 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.