Allspring Global Investments Holdings LLC Has $45.80 Million Holdings in Fox Co. (NASDAQ:FOXA)

Allspring Global Investments Holdings LLC raised its holdings in Fox Co. (NASDAQ:FOXA) by 27.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 935,377 shares of the company’s stock after acquiring an additional 202,972 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FOX were worth $45,798,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group raised its position in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC acquired a new position in shares of FOX during the third quarter worth approximately $51,000. Quarry LP acquired a new position in shares of FOX during the third quarter worth approximately $70,000. Finally, Versant Capital Management Inc raised its position in shares of FOX by 3,551.1% during the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after purchasing an additional 1,669 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FOXA shares. The Goldman Sachs Group upped their target price on FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Bank of America upped their target price on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their target price on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Citigroup upped their target price on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Evercore ISI upgraded FOX to a “hold” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

FOX Stock Up 1.4 %

Shares of NASDAQ:FOXA opened at $55.45 on Friday. The company has a market capitalization of $25.33 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33. The business has a fifty day moving average price of $49.47 and a two-hundred day moving average price of $44.60. Fox Co. has a 1 year low of $28.28 and a 1 year high of $55.56.

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

FOX Dividend Announcement

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

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 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. 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.