Duality Advisers LP Has $3.82 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Duality Advisers LP lifted its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 161.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,807 shares of the company's stock after purchasing an additional 79,574 shares during the period. Duality Advisers LP's holdings in FOX were worth $3,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its position in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company's stock worth $29,000 after acquiring an additional 845 shares during the last quarter. MV Capital Management Inc. increased its holdings in shares of FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company's stock worth $44,000 after purchasing an additional 379 shares during the period. ING Groep NV bought a new position in shares of FOX during the 3rd quarter worth about $58,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of FOX during the 4th quarter worth about $76,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of FOX by 220.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,736 shares of the company's stock worth $179,000 after purchasing an additional 3,948 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

Wall Street Analyst Weigh In

FOXA has been the topic of several research reports. Rosenblatt Securities restated a "neutral" rating and set a $34.00 price objective on shares of FOX in a report on Monday, April 15th. Wells Fargo & Company dropped their price objective on shares of FOX from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, February 8th. Macquarie upped their target price on shares of FOX from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Thursday, January 4th. Finally, Citigroup raised shares of 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 note on Friday, February 23rd. One 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.40.

FOX Price Performance

NASDAQ:FOXA traded up $0.31 on Tuesday, reaching $31.71. The stock had a trading volume of 1,971,969 shares, compared to its average volume of 3,371,219. The company has a market capitalization of $15.06 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.42 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 quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $30.26 and a 200-day moving average price of $30.39.

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. The firm 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 for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. Research analysts forecast that Fox Co. will post 3.19 EPS for the current year.

FOX Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX's payout ratio is 30.77%.

FOX 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.