LPL Financial LLC Has $2.13 Million Position in Fox Co. (NASDAQ:FOXA)

LPL Financial LLC grew its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 133.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,791 shares of the company's stock after purchasing an additional 25,060 shares during the period. LPL Financial LLC's holdings in FOX were worth $2,127,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its position in shares of FOX by 5.4% during the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock worth $405,194,000 after purchasing an additional 425,186 shares during the last quarter. Amundi increased its holdings in FOX by 9.9% during the fourth quarter. Amundi now owns 2,434,443 shares of the company's stock worth $119,006,000 after buying an additional 219,380 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FOX by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company's stock worth $117,458,000 after buying an additional 37,505 shares during the last quarter. KBC Group NV raised its position in FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after acquiring an additional 851,127 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in shares of FOX by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company's stock valued at $82,028,000 after acquiring an additional 49,365 shares during the period. Institutional investors own 52.52% of the company's stock.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction 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 sale, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following 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. 21.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FOXA shares. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a report on Monday, April 7th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. UBS Group dropped their price target on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday. Wells Fargo & Company decreased their price objective on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Two investment 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. According to data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $50.65.

FOX Trading Down 0.6 %

Shares of FOX stock traded down $0.29 on Friday, hitting $47.97. The stock had a trading volume of 3,921,573 shares, compared to its average volume of 3,380,647. The stock has a 50 day moving average of $53.62 and a 200 day moving average of $49.03. 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 twelve month low of $30.39 and a twelve month high of $58.74. The firm has a market capitalization of $21.75 billion, a P/E ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $4.78 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. Sell-side analysts expect 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 was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is 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.