Teachers Retirement System of The State of Kentucky Decreases Stock Position in Fox Co. (NASDAQ:FOXA)

Teachers Retirement System of The State of Kentucky cut its position in Fox Co. (NASDAQ:FOXA - Free Report) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 561,981 shares of the company's stock after selling 73,530 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.12% of FOX worth $27,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of FOXA. DnB Asset Management AS raised its position in shares of FOX by 0.6% in the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after buying an additional 245 shares in the last quarter. Jones Financial Companies Lllp increased its stake in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. US Bancorp DE boosted its position in shares of FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after acquiring an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after purchasing an additional 292 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FOXA shares. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Guggenheim reissued a "buy" rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and raised their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. UBS Group cut their price objective on FOX from $63.00 to $61.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, FOX currently has a consensus rating of "Hold" and an average target price of $50.65.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

FOX Trading Up 0.7 %

Shares of NASDAQ FOXA traded up $0.33 during midday trading on Friday, hitting $49.35. 2,770,689 shares of the company traded hands, compared to its average volume of 3,399,352. Fox Co. has a 12-month low of $30.92 and a 12-month high of $58.74. The firm has a market cap of $22.38 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.27 and a beta of 0.51. The stock has a 50-day moving average price of $52.81 and a 200 day moving average price of $49.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business's revenue was up 19.9% compared to the same quarter last year. As a group, analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.