Fox Co. (NASDAQ:FOXA) Stake Reduced by South Dakota Investment Council

South Dakota Investment Council cut its holdings in Fox Co. (NASDAQ:FOXA) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,259 shares of the company’s stock after selling 11,550 shares during the quarter. South Dakota Investment Council owned about 0.07% of FOX worth $14,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Inc. raised its holdings in FOX by 0.5% during the 4th quarter. Howard Capital Management Inc. now owns 105,337 shares of the company’s stock worth $5,117,000 after buying an additional 557 shares during the period. Callan Capital LLC raised its holdings in FOX by 7.4% during the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after buying an additional 371 shares during the period. Cypress Capital LLC acquired a new stake in FOX during the 4th quarter worth about $961,000. Greystone Financial Group LLC raised its holdings in FOX by 2.0% during the 4th quarter. Greystone Financial Group LLC now owns 206,318 shares of the company’s stock worth $10,023,000 after buying an additional 3,997 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in FOX by 3,077.5% during the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock worth $43,016,000 after buying an additional 857,609 shares during the period. 52.52% of the stock is currently owned by institutional investors.

FOX Stock Down 0.7 %

FOXA opened at $56.95 on Friday. The business has a 50 day moving average price of $50.83 and a 200 day moving average price of $45.51. Fox Co. has a twelve month low of $28.28 and a twelve month high of $58.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a market cap of $25.82 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76.

FOX (NASDAQ:FOXA) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on FOXA. Deutsche Bank Aktiengesellschaft boosted their price objective on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. UBS Group lifted their target price on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and lifted their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Barclays boosted their price target on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their price target on FOX from $59.00 to $64.00 and gave the company an “overweight” 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.19.

Insider Transactions at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the company’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 in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

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.