Fox Co. (NASDAQ:FOXA) Shares Acquired by Prudential PLC

Prudential PLC grew its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,146 shares of the company's stock after purchasing an additional 11,952 shares during the quarter. Prudential PLC's holdings in FOX were worth $2,728,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in FOX by 9.0% in the 3rd quarter. FMR LLC now owns 554,019 shares of the company's stock valued at $23,452,000 after purchasing an additional 45,531 shares during the last quarter. Quarry LP bought a new stake in FOX in the third quarter worth approximately $70,000. Quantinno Capital Management LP lifted its position in shares of FOX by 18.1% during the 3rd quarter. Quantinno Capital Management LP now owns 126,941 shares of the company's stock valued at $5,373,000 after acquiring an additional 19,421 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in shares of FOX by 220.9% during the third quarter. Worldquant Millennium Advisors LLC now owns 107,631 shares of the company's stock valued at $4,556,000 after purchasing an additional 74,095 shares during the period. Finally, iA Global Asset Management Inc. boosted its holdings in FOX by 241,314.3% in the third quarter. iA Global Asset Management Inc. now owns 16,899 shares of the company's stock worth $715,000 after acquiring an additional 16,892 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This 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 Stock Performance

FOXA stock traded down $0.63 during midday trading on Friday, reaching $48.89. The stock had a trading volume of 4,433,430 shares, compared to its average volume of 3,366,300. The firm has a fifty day simple moving average of $53.98 and a two-hundred day simple moving average of $48.89. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. 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 stock has a market cap of $22.17 billion, a PE ratio of 10.47, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FOXA shares. Citigroup lifted their price objective on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and raised their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Barclays cut their price objective on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday. Bank of America lifted their target price on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, FOX currently has an average rating of "Hold" and a consensus price target of $51.06.

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.