Fox Co. (NASDAQ:FOXA) Position Lessened by Financial Counselors Inc.

Financial Counselors Inc. lowered its position in Fox Co. (NASDAQ:FOXA) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 96,788 shares of the company’s stock after selling 5,840 shares during the quarter. Financial Counselors Inc.’s holdings in FOX were worth $4,702,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in FOX in the fourth quarter worth approximately $67,471,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of 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 in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of 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 valued at $59,174,000 after purchasing an additional 919,883 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in FOX by 3,077.5% in the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock worth $43,016,000 after purchasing an additional 857,609 shares in the last quarter. Finally, KBC Group NV increased its position in FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after buying an additional 851,127 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on FOXA. Guggenheim reiterated a “buy” rating and set a $60.00 price target on shares of FOX in a research note on Tuesday. Wells Fargo & Company lowered their price target on FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays boosted their price objective 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. UBS Group raised 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. Finally, The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One equities 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 company’s stock. Based on data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average target price of $51.13.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction 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 in the company, valued at $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. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Performance

FOXA opened at $55.21 on Thursday. The stock’s 50 day simple moving average is $53.42 and its 200-day simple moving average is $47.83. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.03 billion, a PE ratio of 11.82, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 1 year low of $30.02 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm 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%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. Sell-side analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

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.