Todd Asset Management LLC Makes New Investment in Fox Co. (NASDAQ:FOXA)

Todd Asset Management LLC bought a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 652,859 shares of the company's stock, valued at approximately $19,370,000. Todd Asset Management LLC owned approximately 0.14% of FOX as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FOXA. Global Retirement Partners LLC lifted its position in FOX by 862.2% in the fourth quarter. Global Retirement Partners LLC now owns 943 shares of the company's stock worth $29,000 after buying an additional 845 shares during the last quarter. MV Capital Management Inc. lifted its position in shares of FOX by 36.5% during the third 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 last quarter. GAMMA Investing LLC bought a new stake in shares of FOX during the fourth quarter worth $53,000. ING Groep NV bought a new stake in shares of FOX during the third quarter worth $58,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of FOX during the fourth quarter worth $76,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

NASDAQ:FOXA traded up $0.45 during trading hours on Friday, reaching $32.11. The company had a trading volume of 2,587,669 shares, compared to its average volume of 2,902,073. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The firm has a market cap of $15.25 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 0.43 and a beta of 0.77. The business's 50 day moving average price is $30.47 and its 200-day moving average price is $30.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business earned $0.48 earnings per share. The company's revenue for the quarter was down 8.1% compared to the same quarter last year. Research analysts forecast that Fox Co. will post 3.18 EPS for the current year.

FOX Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. 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. Citigroup upgraded FOX from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Seaport Res Ptn upgraded FOX from a "neutral" rating to a "buy" rating in a report on Friday, April 5th. Macquarie lifted their price objective on FOX from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $34.00 price objective on shares of FOX in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.40.

About FOX

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.