Hsbc Holdings PLC Boosts Stock Position in Fox Co. (NASDAQ:FOXA)

Hsbc Holdings PLC increased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,621 shares of the company's stock after acquiring an additional 58,687 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of FOX worth $26,624,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State of Tennessee Department of Treasury boosted its position in shares of FOX by 46.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 139,099 shares of the company's stock worth $6,757,000 after purchasing an additional 43,829 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of FOX by 157.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,031 shares of the company's stock worth $1,410,000 after purchasing an additional 17,765 shares during the last quarter. Norinchukin Bank The increased its holdings in shares of FOX by 31.5% in the fourth quarter. Norinchukin Bank The now owns 16,680 shares of the company's stock worth $810,000 after purchasing an additional 3,994 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of FOX by 914.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 132,952 shares of the company's stock worth $6,459,000 after purchasing an additional 119,848 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of FOX by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock worth $185,344,000 after purchasing an additional 39,959 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Down 1.2 %

Shares of NASDAQ FOXA traded down $0.58 during trading hours on Thursday, reaching $49.21. The stock had a trading volume of 2,639,053 shares, compared to its average volume of 3,397,532. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market cap of $22.31 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.27 and a beta of 0.51. The business's fifty day moving average price is $52.35 and its two-hundred day moving average price is $49.47. Fox Co. has a 52-week low of $30.95 and a 52-week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly 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 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 quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. Analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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%.

Analyst Upgrades and Downgrades

FOXA has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Barclays reduced their price objective on FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Guggenheim reissued a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Loop Capital boosted their price objective on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their price objective on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, FOX presently has an average rating of "Hold" and a consensus price target of $50.65.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on 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 transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred 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 transaction, the chairman now 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

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.