Marshall Wace LLP Sells 52,003 Shares of Fox Co. (NASDAQ:FOXA)

Marshall Wace LLP decreased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,151,217 shares of the company's stock after selling 52,003 shares during the quarter. Marshall Wace LLP owned approximately 0.25% of FOX worth $55,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock worth $47,649,000 after purchasing an additional 110,753 shares during the last quarter. Invst LLC acquired a new stake in FOX during the 3rd quarter worth approximately $740,000. Asset Management One Co. Ltd. lifted its holdings in shares of FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock worth $5,856,000 after purchasing an additional 23,704 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock worth $752,000 after buying an additional 3,787 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FOX

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Wells Fargo & Company lowered their price objective on FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a research report on Thursday. Loop Capital lifted 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. Barclays lowered their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group decreased their price target on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.65.

FOX Price Performance

Shares of NASDAQ FOXA traded down $0.29 during mid-day trading on Friday, reaching $47.97. 3,921,573 shares of the company were exchanged, compared to its average volume of 3,389,865. The stock has a market capitalization of $21.75 billion, a PE 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. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. The company's 50 day moving average price is $53.51 and its 200 day moving average price is $49.16.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Sell-side analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

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.