LSV Asset Management Decreases Stock Holdings in Fox Co. (NASDAQ:FOXA)

LSV Asset Management trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,358,223 shares of the company's stock after selling 263,750 shares during the quarter. FOX makes up about 0.9% of LSV Asset Management's investment portfolio, making the stock its 19th largest holding. LSV Asset Management owned approximately 1.83% of FOX worth $406,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new position in shares of FOX during the 4th quarter valued at approximately $1,315,000. APG Asset Management N.V. bought a new position in shares of FOX in the fourth quarter worth approximately $5,953,000. Capula Management Ltd increased its stake in shares of FOX by 1,526.6% in the fourth quarter. Capula Management Ltd now owns 95,677 shares of the company's stock worth $4,648,000 after purchasing an additional 89,795 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of FOX by 1.6% during the 4th quarter. Bank of Montreal Can now owns 186,902 shares of the company's stock valued at $9,080,000 after buying an additional 2,975 shares in the last quarter. Finally, Trek Financial LLC bought a new position in FOX in the 4th quarter worth $367,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Up 1.4 %

FOX stock traded up $0.68 during mid-day trading on Tuesday, hitting $50.21. The company's stock had a trading volume of 1,245,190 shares, compared to its average volume of 3,364,345. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a 50 day moving average of $53.88 and a 200-day moving average of $48.99. Fox Co. has a one year low of $30.02 and a one year high of $58.74. The stock has a market cap of $22.77 billion, a PE ratio of 10.75, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. On average, research analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The business also recently declared 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. This represents a dividend yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is presently 11.56%.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 transaction, the chairman now directly owns 1,200,862 shares in the company, 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. 21.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FOXA has been the subject of several research analyst reports. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Citigroup boosted their target price on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Guggenheim reaffirmed a "buy" rating and set a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. JPMorgan Chase & Co. increased their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $50.94.

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.