Seizert Capital Partners LLC Has $10.84 Million Stake in Fox Co. (NASDAQ:FOXA)

Seizert Capital Partners LLC reduced its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,225 shares of the company's stock after selling 126,079 shares during the quarter. Seizert Capital Partners LLC's holdings in FOX were worth $10,844,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FOXA. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% in the fourth 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. bought a new position in FOX in the 4th quarter worth $28,000. Jones Financial Companies Lllp increased its stake in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group raised its holdings in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after acquiring an additional 466 shares during the period. Finally, Quest Partners LLC bought a new position in shares of FOX during the third quarter worth $51,000. 52.52% of the stock is currently owned by institutional investors.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated Friday, February 21st. The shares were 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 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 document filed with the SEC, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

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FOX Price Performance

NASDAQ:FOXA traded up $0.30 during mid-day trading on Friday, hitting $55.67. 4,586,357 shares of the company's stock traded hands, compared to its average volume of 3,868,635. The firm's 50 day simple moving average is $52.31 and its 200 day simple moving average is $46.67. The company has a market cap of $25.24 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. Fox Co. has a 1 year low of $28.67 and a 1 year 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.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Sell-side analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FOXA. Guggenheim upped their price objective on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. UBS Group increased their price objective on shares of FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Moffett Nathanson downgraded shares of FOX from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Citigroup increased their price target on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Bank of America boosted their price objective on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $51.19.

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.