Twin Tree Management LP Has $563,000 Stake in Fox Co. (NASDAQ:FOXA)

Twin Tree Management LP lowered its position in Fox Co. (NASDAQ:FOXA - Free Report) by 76.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,595 shares of the company's stock after selling 37,997 shares during the period. Twin Tree Management LP's holdings in FOX were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FOXA. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 249 shares during the last quarter. Brooklyn Investment Group lifted its holdings in FOX by 142.5% in the 4th 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 stake in FOX during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Performance

FOX stock traded up $0.19 on Friday, hitting $53.40. The company's stock had a trading volume of 16,675,374 shares, compared to its average volume of 3,145,688. Fox Co. has a one year low of $29.89 and a one year high of $58.74. The firm has a market cap of $24.21 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. 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 fifty day moving average price of $53.06 and a 200-day moving average price of $47.49.

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FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm 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%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors 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 presently 11.56%.

Wall Street Analyst Weigh In

FOXA has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Citigroup upped 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. Guggenheim lifted their price objective on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. 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 report on Wednesday, December 18th. One investment 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 presently has a consensus rating of "Hold" and an average price target of $51.19.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred 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 sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents 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 owned by corporate insiders.

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.