Assetmark Inc. Sells 219 Shares of Fox Co. (NASDAQ:FOXA)

Assetmark Inc. cut its position in shares of Fox Co. (NASDAQ:FOXA) by 0.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 229,041 shares of the company’s stock after selling 219 shares during the period. Assetmark Inc.’s holdings in FOX were worth $11,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. US Bancorp DE lifted its stake in shares of FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after purchasing an additional 281 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after purchasing an additional 292 shares during the last quarter. Finally, Callan Capital LLC lifted its stake in shares of 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 during the last quarter. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FOXA shares. Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and raised their price objective for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Citigroup increased their price target on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Bank of America increased their price target on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, Loop Capital increased their price target on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.19.

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated 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 sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Trading Down 1.7 %

Shares of NASDAQ:FOXA opened at $55.37 on Friday. Fox Co. has a 12-month low of $28.34 and a 12-month high of $58.74. The business’s fifty day simple moving average is $52.18 and its 200-day simple moving average is $46.56. The company has a market capitalization of $25.11 billion, a PE ratio of 11.86, a P/E/G ratio of 1.27 and a beta of 0.76. 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 (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 analysts’ consensus estimates of $0.62 by $0.34. The business 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 business’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS. As a group, equities research analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. 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.