Fox Co. (NASDAQ:FOXA) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 569,808 shares of the company's stock after selling 46,522 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.12% of FOX worth $27,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

FOX Price Performance

Shares of FOX stock traded up $0.18 during trading on Friday, hitting $55.63. The stock had a trading volume of 3,521,225 shares, compared to its average volume of 3,616,458. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 1.17 and a beta of 0.76. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.86. The business's 50-day moving average is $49.82 and its 200 day moving average is $44.80.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion during 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%. FOX's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on FOXA shares. TD Cowen lifted their target price on FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Citigroup boosted their price objective on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. 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 report on Wednesday, December 18th. Finally, Macquarie restated a "neutral" rating and issued a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th. One equities 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 company. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and a consensus price target of $51.00.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the business'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 $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction dated 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 currently owned by insiders.

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.