New York State Teachers Retirement System Sells 21,388 Shares of Fox Co. (NASDAQ:FOXA)

New York State Teachers Retirement System lessened its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 175,918 shares of the company's stock after selling 21,388 shares during the period. New York State Teachers Retirement System's holdings in FOX were worth $8,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FOXA. Asset Management One Co. Ltd. boosted its holdings in FOX by 25.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock worth $5,856,000 after acquiring an additional 23,704 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of FOX during the fourth quarter worth approximately $89,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of FOX by 27.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 935,377 shares of the company's stock worth $45,798,000 after purchasing an additional 202,972 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in FOX in the 4th quarter valued at $499,000. Finally, Savant Capital LLC increased its stake in FOX by 20.1% during the 4th quarter. Savant Capital LLC now owns 7,909 shares of the company's stock valued at $384,000 after purchasing an additional 1,322 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FOXA shares. Evercore ISI raised shares of FOX to a "hold" rating in a research note on Tuesday, November 5th. Citigroup raised their price target on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. TD Cowen boosted their price objective on FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, UBS Group lifted their target price on FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One investment analyst has 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.00.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

FOX Stock Performance

Shares of NASDAQ:FOXA traded down $0.43 during midday trading on Friday, reaching $56.95. The company had a trading volume of 4,255,604 shares, compared to its average volume of 3,744,049. The stock has a market cap of $25.82 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.76. The company's 50 day moving average price is $50.64 and its 200 day moving average price is $45.32. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.12.

FOX (NASDAQ:FOXA - Get Free Report) last released its 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 firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company's quarterly revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio is currently 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.