Fox Co. (NASDAQ:FOXA) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 628,834 shares of the company's stock after selling 57,200 shares during the quarter. Swiss National Bank owned 0.14% of FOX worth $30,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its stake in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the last quarter. Brooklyn Investment Group lifted its stake in FOX by 142.5% in 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. Finally, Quest Partners LLC bought a new position in shares of FOX during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Activity at FOX

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

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Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. UBS Group boosted their target price on shares of FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Barclays raised their price target on shares of FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.19.

FOX Stock Up 0.4 %

Shares of NASDAQ FOXA traded up $0.19 during trading hours on Friday, hitting $53.40. 16,648,428 shares of the stock were exchanged, compared to its average volume of 3,144,445. Fox Co. has a 12 month low of $29.89 and a 12 month high of $58.74. The firm has a fifty day moving average price of $52.95 and a 200-day moving average price of $47.41. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market cap of $24.21 billion, a PE ratio of 11.43, a PEG ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for 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%. The business's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, sell-side analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

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 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 dividend payout ratio (DPR) is currently 11.56%.

About FOX

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.