Ossiam Sells 21,442 Shares of Fox Co. (NASDAQ:FOXA)

Ossiam decreased its position in Fox Co. (NASDAQ:FOXA - Free Report) by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,341 shares of the company's stock after selling 21,442 shares during the period. Ossiam's holdings in FOX were worth $842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew 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 buying an additional 425,186 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FOX by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock worth $185,344,000 after purchasing an additional 39,959 shares during the period. Norges Bank bought a new position in shares of FOX during the fourth quarter valued at approximately $132,161,000. 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 valued at $119,006,000 after buying an additional 219,380 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in FOX by 1.6% in 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 in the last quarter. Institutional investors own 52.52% of the company's stock.

FOX Trading Down 1.6 %

FOX stock opened at $47.21 on Tuesday. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. The stock has a 50-day moving average price of $53.36 and a 200 day moving average price of $49.20. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $21.41 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. Sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given 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 currently 11.56%.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Barclays lowered their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. UBS Group reduced their price objective 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. Finally, Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $50.65.

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.

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