Fox Co. (NASDAQ:FOXA) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,800 shares of the company's stock after selling 109,500 shares during the period. Renaissance Technologies LLC owned about 0.05% of FOX worth $11,747,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FOXA. WealthTrak Capital Management LLC purchased a new position in shares of FOX during the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. raised its holdings in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the fourth quarter valued at $28,000. Jones Financial Companies Lllp grew its holdings in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Down 0.6 %

Shares of NASDAQ:FOXA traded down $0.29 during trading on Friday, hitting $47.97. The company had a trading volume of 3,921,573 shares, compared to its average volume of 3,386,053. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a one year low of $30.87 and a one year high of $58.74. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a fifty day simple moving average of $53.62 and a two-hundred day simple moving average of $49.03.

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 for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. Loop Capital increased their target price on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and a consensus price target of $50.65.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % 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 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.