Fox Co. (NASDAQ:FOXA) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Fox Co. (NASDAQ:FOXA) by 11.6% during the 4th quarter, according to its most recent disclosure with the 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’s holdings in FOX were worth $27,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in shares of FOX in the fourth quarter worth $26,000. SRS Capital Advisors Inc. grew its stake in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp raised its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FOXA. Barclays cut their target price on shares of FOX from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of FOX from $63.00 to $58.00 and set an “overweight” rating for the company in a research note on Thursday. Guggenheim restated a “buy” rating and set a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, UBS Group decreased their target price on shares of FOX from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.65.

FOX Stock Down 0.6 %

FOXA stock opened at $47.97 on Monday. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. 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 company has a market cap of $21.75 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.27 and a beta of 0.51. The company’s 50-day moving average price is $53.51 and its 200 day moving average price is $49.16.

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

FOX Dividend Announcement

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

Insider Activity at FOX

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

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.