Fox Co. (NASDAQ:FOXA) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in Fox Co. (NASDAQ:FOXA - Free Report) by 98.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,472 shares of the company's stock after selling 386,553 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in FOX were worth $314,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its holdings in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Brooklyn Investment Group increased 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 valued at $39,000 after acquiring an additional 466 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of FOX during the third quarter valued at about $51,000. 52.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was 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 $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

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FOX Stock Performance

FOX stock traded up $0.56 during mid-day trading on Wednesday, hitting $52.94. The company had a trading volume of 2,639,239 shares, compared to its average volume of 3,090,170. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $29.53 and a 12-month high of $58.74. The company's fifty day moving average is $52.79 and its 200-day moving average is $47.33. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA - Get Free Report) last released 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. The business's quarterly revenue was up 19.9% compared to the same quarter last year. Equities research analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Guggenheim upped their price objective on shares of FOX from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Citigroup upped their price objective on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Loop Capital upped their price objective on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company upped their price objective on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $51.19.

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.