Rhumbline Advisers Has $20.41 Million Holdings in Fox Co. (NASDAQ:FOXA)

Rhumbline Advisers reduced its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,113 shares of the company's stock after selling 23,276 shares during the period. Rhumbline Advisers owned 0.09% of FOX worth $20,409,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter valued at $28,000. Brooklyn Investment Group grew its position in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares in the last quarter. Quest Partners LLC bought a new position in shares of FOX during the third quarter worth approximately $51,000. Quarry LP acquired a new stake in shares of FOX in the third quarter valued at approximately $70,000. Finally, Versant Capital Management Inc boosted its stake in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock valued at $83,000 after buying an additional 1,669 shares during the period. 52.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

FOX Trading Down 0.7 %

NASDAQ FOXA traded down $0.43 on Friday, hitting $56.95. The company's stock had a trading volume of 4,256,340 shares, compared to its average volume of 3,747,471. The company's 50-day moving average is $50.64 and its 200 day moving average is $45.32. The firm has a market cap of $25.82 billion, a PE ratio of 12.19, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a 1-year low of $28.28 and a 1-year high of $58.12. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of recent research reports. Guggenheim raised their price objective on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Loop Capital boosted their price target on FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. TD Cowen boosted their target price on shares of FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company increased their price target on shares of FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $51.00.

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.