Fox Co. (NASDAQ:FOXA) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC trimmed its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,389 shares of the company's stock after selling 6,245 shares during the period. Neuberger Berman Group LLC's holdings in FOX were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DnB Asset Management AS lifted its stake in FOX by 0.6% in the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares in the last quarter. Jones Financial Companies Lllp lifted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the last quarter. US Bancorp DE grew its holdings in FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after buying an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after acquiring an additional 292 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Down 0.1 %

Shares of FOX stock traded down $0.06 during trading on Thursday, hitting $48.20. 1,133,875 shares of the stock were exchanged, compared to its average volume of 4,241,064. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm's 50-day moving average price is $53.73 and its 200 day moving average price is $48.99. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 12-month low of $30.39 and a 12-month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. As a group, analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FOXA shares. UBS Group cut their price objective on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. Citigroup raised their price target on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Barclays reduced their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. 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. Finally, Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.65.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's 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 completion of the sale, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

FOX 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.