Aquatic Capital Management LLC Trims Stock Position in Fox Co. (NASDAQ:FOXA)

Aquatic Capital Management LLC cut its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,200 shares of the company's stock after selling 34,700 shares during the quarter. Aquatic Capital Management LLC's holdings in FOX were worth $4,576,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DnB Asset Management AS grew its holdings in shares of FOX by 0.6% in the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after acquiring an additional 245 shares in the last quarter. Jones Financial Companies Lllp raised its stake 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 buying an additional 249 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after buying an additional 262 shares during the last quarter. US Bancorp DE boosted its stake in shares of FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the period. Finally, Metis Global Partners LLC increased its holdings in shares of FOX by 2.8% during the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Guggenheim reissued a "buy" rating and set a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research report on Monday, April 7th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Finally, Barclays lowered their target price on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, FOX has an average rating of "Hold" and a consensus target price of $50.65.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction dated 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 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. 21.77% of the stock is owned by insiders.

FOX Trading Up 0.5 %

NASDAQ FOXA traded up $0.25 during trading on Friday, hitting $49.47. The stock had a trading volume of 3,737,348 shares, compared to its average volume of 3,403,456. Fox Co. has a one year low of $31.17 and a one year 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 $22.43 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.27 and a beta of 0.51. The stock has a 50 day simple moving average of $52.17 and a 200 day simple moving average of $49.52.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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 company had revenue of $5.08 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.34 earnings per share. Sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. 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.