Fox Co. (NASDAQ:FOXA) Shares Sold by Barclays PLC

Barclays PLC lessened its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,252,673 shares of the company's stock after selling 57,373 shares during the quarter. Barclays PLC owned about 0.27% of FOX worth $60,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new position in FOX during the 4th quarter worth $26,000. SRS Capital Advisors Inc. increased its position in 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 acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Trading Up 1.7 %

Shares of FOXA traded up $0.80 during mid-day trading on Tuesday, reaching $48.01. The company had a trading volume of 294,962 shares, compared to its average volume of 3,379,509. Fox Co. has a fifty-two week low of $30.92 and a fifty-two week high of $58.74. The firm has a fifty day simple moving average of $53.36 and a 200-day simple moving average of $49.20. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 - Get Free Report) last issued its 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 business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. On average, sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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 dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company'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 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 represents a 4.10 % decrease in their position. The transaction was disclosed in a legal 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 transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, 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. 21.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FOXA. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research report on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Barclays lowered their price objective on FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and raised their price target for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.65.

FOX 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.