Gamco Investors INC. ET AL Sells 5,401 Shares of Fox Co. (NASDAQ:FOXA)

Gamco Investors INC. ET AL reduced its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 404,381 shares of the company's stock after selling 5,401 shares during the period. Gamco Investors INC. ET AL owned about 0.09% of FOX worth $19,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in FOX by 5.4% during the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock worth $405,194,000 after buying an additional 425,186 shares in the last quarter. Norges Bank bought a new stake in shares of FOX during the fourth quarter valued at approximately $132,161,000. Amundi increased its holdings in shares of FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company's stock valued at $119,006,000 after purchasing an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in FOX by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company's stock worth $117,458,000 after purchasing an additional 37,505 shares during the last quarter. Finally, KBC Group NV lifted its holdings in FOX by 56.1% during the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after buying an additional 851,127 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Moffett Nathanson downgraded shares of FOX from a "buy" rating to a "neutral" rating and upped their target price for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Guggenheim reiterated a "buy" rating and set a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Barclays cut their price objective 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. Finally, The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $50.65.

FOX Stock Down 1.1 %

Shares of FOXA stock traded down $0.51 during trading hours on Monday, hitting $47.46. 695,849 shares of the company were exchanged, compared to its average volume of 3,380,438. The company has a market capitalization of $21.52 billion, a PE ratio of 10.16, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. The business has a 50 day moving average of $53.51 and a two-hundred day moving average of $49.16. 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 released its quarterly 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 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 company's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Analysts anticipate 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 was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is presently 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.