Teacher Retirement System of Texas Purchases 158,384 Shares of Fox Co. (NASDAQ:FOXA)

Teacher Retirement System of Texas grew its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 157.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,276 shares of the company's stock after buying an additional 158,384 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of FOX worth $12,596,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FOXA. JPMorgan Chase & Co. lifted its holdings in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock valued at $47,649,000 after purchasing an additional 110,753 shares in the last quarter. Invst LLC acquired a new stake in FOX in the 3rd quarter valued at approximately $740,000. Asset Management One Co. Ltd. lifted its stake in FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after acquiring an additional 23,704 shares in the last quarter. Park Avenue Securities LLC boosted its position in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock worth $752,000 after acquiring an additional 3,787 shares during the last quarter. Finally, Brookstone Capital Management bought a new position in shares of FOX during the 4th quarter worth approximately $492,000. Institutional investors own 52.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on FOXA shares. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. StockNews.com downgraded shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and lifted their target price for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, Barclays increased their price target on FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $51.13.

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FOX Stock Performance

FOXA stock traded up $0.25 during midday trading on Wednesday, reaching $55.21. 3,709,171 shares of the company were exchanged, compared to its average volume of 3,158,790. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The business has a 50-day moving average price of $53.29 and a two-hundred day moving average price of $47.77. Fox Co. has a one year low of $30.02 and a one year high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly 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 business 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%. FOX's quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Equities research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid 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 currently 11.56%.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 value of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents 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 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.