Mariner LLC Grows Stock Position in Fox Co. (NASDAQ:FOXA)

Mariner LLC grew its position in Fox Co. (NASDAQ:FOXA - Free Report) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,545 shares of the company's stock after purchasing an additional 6,814 shares during the quarter. Mariner LLC's holdings in FOX were worth $1,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of FOX during the fourth quarter worth $132,161,000. Jupiter Asset Management Ltd. acquired a new stake in shares of FOX during the fourth quarter worth $67,471,000. FMR LLC lifted its stake in shares of FOX by 240.2% during the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after buying an additional 1,330,908 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after buying an additional 919,883 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of FOX by 3,077.5% during the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock worth $43,016,000 after buying an additional 857,609 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Up 0.3 %

Shares of FOXA stock traded up $0.16 on Wednesday, hitting $49.79. The stock had a trading volume of 3,624,180 shares, compared to its average volume of 3,397,672. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market capitalization of $22.58 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a 1 year low of $30.95 and a 1 year high of $58.74. The company's 50 day moving average price is $52.35 and its 200-day moving average price is $49.47.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company's quarterly revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Fox Co. will post 4.38 earnings per share for the current 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio is currently 11.56%.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, 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 research firms recently issued reports on FOXA. Guggenheim restated a "buy" rating and set a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their target price on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Barclays decreased their target price on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Loop Capital boosted their target price on shares of FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Finally, The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. Two 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's stock. According to data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average target price of $50.65.

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.