Financial Counselors Inc. cut its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 56.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 153,889 shares of the company's stock after selling 198,281 shares during the quarter. Financial Counselors Inc.'s holdings in FOX were worth $4,566,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of FOXA. Allspring Global Investments Holdings LLC boosted its stake in FOX by 9.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,094,255 shares of the company's stock worth $32,467,000 after purchasing an additional 97,922 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of FOX by 29.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 38,030 shares of the company's stock worth $1,128,000 after buying an additional 8,687 shares during the period. Oak Thistle LLC bought a new position in shares of FOX during the fourth quarter worth about $969,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in FOX in the 4th quarter valued at approximately $76,000. Finally, Global Retirement Partners LLC lifted its stake in FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company's stock valued at $29,000 after acquiring an additional 845 shares in the last quarter. 52.52% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
FOXA has been the subject of several research reports. Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Thursday, January 4th. Seaport Res Ptn upgraded shares of FOX from a "neutral" rating to a "buy" rating in a research note on Friday, April 5th. Macquarie boosted their price target on shares of FOX from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Wells Fargo & Company decreased their price objective on FOX from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, February 8th. Finally, Citigroup upgraded FOX from a "neutral" rating to a "buy" rating and upped their target price for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $33.40.
Read Our Latest Report on FOX
FOX Stock Performance
Shares of FOXA traded down $0.65 during mid-day trading on Friday, reaching $30.09. The company's stock had a trading volume of 2,349,184 shares, compared to its average volume of 3,439,888. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The business has a 50-day simple moving average of $30.15 and a two-hundred day simple moving average of $30.39. The stock has a market cap of $14.29 billion, a P/E ratio of 17.80, a PEG ratio of 0.40 and a beta of 0.78.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The firm's revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fox Co. will post 3.28 earnings per share for the current fiscal year.
FOX Dividend Announcement
The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a yield of 1.8%. FOX's dividend payout ratio (DPR) is currently 30.77%.
About FOX
(
Free Report)
Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.
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