Bridgewater Associates LP Sells 116,425 Shares of Fox Co. (NASDAQ:FOXA)

Bridgewater Associates LP lowered its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 429,230 shares of the company's stock after selling 116,425 shares during the period. Bridgewater Associates LP owned about 0.09% of FOX worth $20,852,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC bought a new position in shares of FOX during the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. grew its position in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its position in FOX by 61.5% in the fourth 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 boosted its stake in shares of FOX by 122.3% during 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.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction 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 transaction, the insider now directly 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 SEC, which is available at this link. 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 sale, the chairman now owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday. Guggenheim reaffirmed a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Moffett Nathanson lowered FOX from a "buy" rating to a "neutral" rating and upped their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted 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 investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, FOX presently has an average rating of "Hold" and a consensus target price of $50.65.

FOX Stock Down 1.1 %

Shares of FOX stock traded down $0.54 during midday trading on Monday, hitting $47.43. The company had a trading volume of 619,707 shares, compared to its average volume of 3,379,966. Fox Co. has a 52-week low of $30.92 and a 52-week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market capitalization of $21.51 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a 50 day moving average of $53.51 and a 200 day moving average of $49.16.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed 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%.

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.