Fox Co. (NASDAQ:FOXA) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 240.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,061 shares of the company's stock after buying an additional 171,763 shares during the period. Schroder Investment Management Group owned 0.05% of FOX worth $11,871,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of FOX by 5.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock worth $405,194,000 after purchasing an additional 425,186 shares in the last quarter. Norges Bank purchased a new position in FOX in the 4th quarter valued at $132,161,000. Amundi boosted its stake in FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company's stock worth $119,006,000 after purchasing an additional 219,380 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of FOX by 1.6% during 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. Finally, KBC Group NV raised its position in shares of FOX by 56.1% in the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after buying an additional 851,127 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on FOXA. 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 research report on Tuesday. Citigroup boosted their target price on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. StockNews.com cut FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Moffett Nathanson lowered FOX from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, Bank of America upped 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $51.06.

FOX Trading Down 2.3 %

Shares of FOXA traded down $1.10 during midday trading on Tuesday, hitting $47.45. 5,742,141 shares of the stock were exchanged, compared to its average volume of 3,339,801. 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 firm has a market cap of $21.52 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The stock has a fifty day simple moving average of $54.13 and a 200 day simple moving average of $48.70.

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

FOX Announces Dividend

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

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.