Vanguard Group Inc. Decreases Stock Holdings in Fox Co. (NASDAQ:FOXA)

Vanguard Group Inc. cut its holdings in Fox Co. (NASDAQ:FOXA) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,220,793 shares of the company’s stock after selling 2,628,553 shares during the quarter. Vanguard Group Inc. owned 0.06% of FOX worth $1,225,226,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FOXA. SRS Capital Advisors Inc. lifted its position in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp grew its position in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Brooklyn Investment Group increased its stake in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in FOX during the third quarter valued at approximately $51,000. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

Shares of FOX stock opened at $54.92 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $53.55 and its 200-day moving average price is $47.88. The firm has a market cap of $24.90 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 12 month low of $30.02 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is 11.56%.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’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 transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FOXA. Barclays lifted their target price on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup raised their target price on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group upped their price target on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.13.

FOX 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.