Fox Co. (NASDAQ:FOXA) Shares Purchased by LSV Asset Management

LSV Asset Management increased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,293,153 shares of the company's stock after acquiring an additional 686,762 shares during the quarter. LSV Asset Management owned about 1.72% of FOX worth $246,058,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Global Investments increased its stake in shares of FOX by 46.1% in the 4th quarter. Summit Global Investments now owns 125,120 shares of the company's stock worth $3,712,000 after acquiring an additional 39,503 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of FOX by 3.1% in the 4th quarter. Natixis Advisors L.P. now owns 258,142 shares of the company's stock valued at $7,659,000 after acquiring an additional 7,847 shares during the period. Victory Capital Management Inc. boosted its holdings in FOX by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 717,625 shares of the company's stock valued at $21,292,000 after acquiring an additional 169,454 shares during the period. Van ECK Associates Corp lifted its holdings in FOX by 17.6% during the 4th quarter. Van ECK Associates Corp now owns 97,107 shares of the company's stock worth $2,881,000 after buying an additional 14,513 shares in the last quarter. Finally, PGGM Investments acquired a new stake in FOX in the fourth quarter valued at approximately $1,089,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FOXA. TheStreet lowered shares of FOX from a "b-" rating to a "c" rating in a research note 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. Wells Fargo & Company reduced their target price on FOX from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Thursday, February 8th. Macquarie raised their price target on FOX from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. Finally, Citigroup upgraded FOX from a "neutral" rating to a "buy" rating and boosted their price objective 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 assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, FOX currently has an average rating of "Hold" and an average price target of $33.40.

FOX Price Performance

FOXA stock traded up $0.45 on Friday, reaching $32.11. 2,587,669 shares of the company's stock were exchanged, compared to its average volume of 2,902,073. Fox Co. has a twelve month low of $28.28 and a twelve month 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 of $30.47 and a 200-day moving average of $30.41. The firm has a market cap of $15.25 billion, a PE ratio of 19.00, a P/E/G ratio of 0.43 and a beta of 0.77.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The business 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 earned $0.48 EPS. The company's quarterly revenue was down 8.1% on a year-over-year basis. As a group, equities analysts predict that Fox Co. will post 3.18 EPS for the current fiscal year.

FOX Announces Dividend

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

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.