Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stock Holdings in Fox Co. (NASDAQ:FOXA)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 48.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 48,488 shares of the company’s stock after selling 45,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in FOX were worth $2,356,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Howard Capital Management Inc. raised its position in FOX by 0.5% in the 4th quarter. Howard Capital Management Inc. now owns 105,337 shares of the company’s stock valued at $5,117,000 after purchasing an additional 557 shares in the last quarter. Callan Capital LLC raised its position in FOX by 7.4% in the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock valued at $262,000 after purchasing an additional 371 shares in the last quarter. Cypress Capital LLC acquired a new stake in FOX in the 4th quarter valued at about $961,000. Greystone Financial Group LLC raised its position in FOX by 2.0% in the 4th quarter. Greystone Financial Group LLC now owns 206,318 shares of the company’s stock valued at $10,023,000 after purchasing an additional 3,997 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock valued at $43,016,000 after purchasing an additional 857,609 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Down 0.1 %

NASDAQ:FOXA opened at $56.84 on Thursday. The stock’s 50 day moving average price is $51.36 and its 200 day moving average price is $45.89. The company has a market capitalization of $25.77 billion, a PE ratio of 12.17, a P/E/G ratio of 1.27 and a beta of 0.76. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.38.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The firm had revenue of $5.08 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, research analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.27 dividend. 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 at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FOXA shares. JPMorgan Chase & Co. increased their price target on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Guggenheim raised their target price on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. TD Cowen raised their target price on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Barclays raised their target price on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, UBS Group raised their target price on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One 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’s stock. According to MarketBeat, the company currently has a consensus 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.