Fox Co. (NASDAQ:FOXA) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,298 shares of the company's stock after selling 113,377 shares during the quarter. Quantbot Technologies LP's holdings in FOX were worth $6,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp lifted its holdings in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the last quarter. Brooklyn Investment Group grew its position in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after acquiring an additional 466 shares during the period. Finally, Quest Partners LLC purchased a new position in FOX in the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their target price on FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Bank of America raised their price target on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Guggenheim lifted their price objective on FOX from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $51.19.

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FOX Stock Performance

FOXA stock traded up $0.56 on Wednesday, hitting $52.94. The company's stock had a trading volume of 2,639,480 shares, compared to its average volume of 3,090,170. Fox Co. has a 1 year low of $29.53 and a 1 year high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The firm has a 50 day moving average of $52.79 and a two-hundred day moving average of $47.33.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 the consensus estimate of $4.78 billion. During the same period last year, the company earned $0.34 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. Equities analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. 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.