Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Position in Fox Co. (NASDAQ:FOXA)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 730,662 shares of the company's stock after selling 39,305 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.15% of FOX worth $21,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOXA. National Bank of Canada FI boosted its stake in FOX by 60.7% in the 3rd quarter. National Bank of Canada FI now owns 104,017 shares of the company's stock valued at $3,209,000 after purchasing an additional 39,296 shares during the period. CWM LLC boosted its stake in FOX by 2,650.6% in the 3rd quarter. CWM LLC now owns 52,097 shares of the company's stock valued at $1,625,000 after purchasing an additional 50,203 shares during the period. Kentucky Retirement Systems bought a new stake in FOX in the 3rd quarter valued at $627,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in FOX in the 3rd quarter valued at $280,000. Finally, DnB Asset Management AS boosted its stake in FOX by 29.6% in the 3rd quarter. DnB Asset Management AS now owns 108,041 shares of the company's stock valued at $3,371,000 after purchasing an additional 24,689 shares during the period. 52.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FOXA. Macquarie upped their target price on FOX from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, February 8th. TheStreet downgraded FOX from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th. Rosenblatt Securities reiterated a "neutral" rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Citigroup upgraded FOX from a "neutral" rating to a "buy" rating and upped their target price for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. Finally, Wells Fargo & Company cut their target price on FOX from $30.00 to $28.00 and set an "underweight" rating for the company in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, FOX has an average rating of "Hold" and an average price target of $33.40.

FOX Price Performance

FOXA traded up $0.01 on Monday, reaching $31.40. The stock had a trading volume of 2,431,681 shares, compared to its average volume of 3,389,392. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40. The firm has a 50-day moving average of $30.22 and a 200-day moving average of $30.39. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS 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 firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The business's revenue was down 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Fox Co. will post 3.19 EPS for the current year.

FOX Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were given a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX's dividend payout ratio (DPR) is presently 30.77%.

FOX Company Profile

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.