CWM LLC lowered its position in Fox Co. (NASDAQ:FOXA - Free Report) by 61.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,857 shares of the company's stock after selling 32,240 shares during the quarter. CWM LLC's holdings in FOX were worth $589,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. increased its position in shares of FOX by 0.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 41,656 shares of the company's stock worth $1,236,000 after purchasing an additional 324 shares during the last quarter. Prudential PLC increased its holdings in FOX by 1.6% in the third quarter. Prudential PLC now owns 23,068 shares of the company's stock valued at $720,000 after buying an additional 362 shares during the last quarter. Empirical Finance LLC raised its stake in FOX by 3.8% during the third quarter. Empirical Finance LLC now owns 10,212 shares of the company's stock valued at $319,000 after buying an additional 372 shares in the last quarter. MV Capital Management Inc. grew its position in shares of FOX by 36.5% in the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company's stock worth $44,000 after acquiring an additional 379 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of FOX by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 13,243 shares of the company's stock valued at $393,000 after acquiring an additional 384 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.
FOX Price Performance
Shares of FOXA stock traded up $0.32 during midday trading on Wednesday, reaching $31.33. 2,258,080 shares of the company were exchanged, compared to its average volume of 3,323,887. The company's 50 day moving average price is $30.37 and its two-hundred day moving average price is $30.41. The company has a market cap of $14.88 billion, a P/E ratio of 18.35, a PEG ratio of 0.43 and a beta of 0.78. Fox Co. has a 12 month low of $28.28 and a 12 month 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.
FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Fox Co. will post 3.18 earnings per share for the current year.
FOX Announces Dividend
The firm 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. This represents a yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX's dividend payout ratio (DPR) is presently 30.77%.
Analyst Upgrades and Downgrades
FOXA has been the subject of several research reports. TheStreet lowered shares of FOX from a "b-" rating to a "c" rating in a report on Wednesday, February 7th. Wells Fargo & Company decreased their target price on FOX from $30.00 to $28.00 and set an "underweight" rating for the company in a research note on Thursday, February 8th. Seaport Res Ptn raised FOX from a "neutral" rating to a "buy" rating in a report on Friday, April 5th. Rosenblatt Securities reissued a "neutral" rating and issued a $34.00 price target on shares of FOX in a report on Monday, April 15th. Finally, Wolfe Research upgraded FOX from an "underperform" rating to a "peer perform" rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, FOX has an average rating of "Hold" and a consensus target price of $33.40.
Read Our Latest Research Report on FOXA
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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