Strs Ohio reduced its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 528,834 shares of the company's stock after selling 138,944 shares during the period. Strs Ohio owned about 0.11% of FOX worth $15,690,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of FOXA. Lecap Asset Management Ltd. bought a new position in FOX in the 4th quarter worth approximately $213,000. Louisiana State Employees Retirement System bought a new position in FOX in the 4th quarter worth approximately $442,000. Cerity Partners LLC boosted its holdings in FOX by 44.3% in the 4th quarter. Cerity Partners LLC now owns 17,254 shares of the company's stock worth $512,000 after buying an additional 5,293 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 97,922 shares during the period. Finally, Integrated Investment Consultants LLC boosted its holdings in FOX by 29.6% in the 4th 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. 52.52% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
FOXA has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of FOX from a "neutral" rating to a "buy" rating in a research note on Friday, April 5th. Wolfe Research upgraded shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Thursday, January 4th. Macquarie increased their target price on shares of FOX from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Wells Fargo & Company lowered their target price on shares of FOX from $30.00 to $28.00 and set an "underweight" rating on the stock in a research note on Thursday, February 8th. Finally, Citigroup upgraded shares of FOX from a "neutral" rating to a "buy" rating and raised their price objective for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, FOX has a consensus rating of "Hold" and a consensus price target of $33.40.
Check Out Our Latest Analysis on FOX
FOX Trading Up 0.2 %
NASDAQ:FOXA traded up $0.06 during trading hours on Wednesday, reaching $30.46. The company's stock had a trading volume of 2,107,174 shares, compared to its average volume of 3,433,586. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 0.40 and a beta of 0.78. Fox Co. has a 1 year low of $28.28 and a 1 year high of $35.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The firm has a 50-day simple moving average of $30.11 and a 200-day simple moving average of $30.37.
FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.24. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company's revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. Research analysts expect that Fox Co. will post 3.28 EPS for the current fiscal year.
FOX Announces Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 5th. FOX's dividend payout ratio (DPR) is presently 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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