Weaver Capital Management LLC Raises Holdings in Fox Co. (NASDAQ:FOXA)

Weaver Capital Management LLC grew its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,551 shares of the company's stock after acquiring an additional 6,048 shares during the period. Weaver Capital Management LLC's holdings in FOX were worth $1,241,000 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 the stock. Pacer Advisors Inc. lifted its position in shares of FOX by 5.4% in the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock valued at $405,194,000 after acquiring an additional 425,186 shares in the last quarter. KBC Group NV raised its stake in FOX by 56.1% during the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after purchasing an additional 851,127 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in FOX by 228.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock valued at $58,716,000 after purchasing an additional 964,737 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after purchasing an additional 919,883 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in FOX by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock worth $47,649,000 after purchasing an additional 110,753 shares during the period. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FOXA shares. Barclays upped their target price on shares of FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Wednesday. TD Cowen lifted their target price on FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Macquarie reissued a "neutral" rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $50.19.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 29,897 shares of the company's stock, valued at $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. 21.77% of the stock is currently owned by company insiders.

FOX Trading Down 0.8 %

Shares of NASDAQ FOXA traded down $0.45 during mid-day trading on Friday, reaching $52.79. The company had a trading volume of 2,976,688 shares, compared to its average volume of 3,616,458. Fox Co. has a 52 week low of $28.28 and a 52 week high of $55.56. The business's 50-day moving average is $49.03 and its 200-day moving average is $44.20. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth 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 (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion during 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 firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Equities analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's payout ratio is 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.