Fox Co. (NASDAQ:FOXA) Stock Position Decreased by Todd Asset Management LLC

Todd Asset Management LLC decreased its position in Fox Co. (NASDAQ:FOXA) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 547,322 shares of the company’s stock after selling 73,312 shares during the quarter. Todd Asset Management LLC owned about 0.12% of FOX worth $26,589,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FOXA. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter worth approximately $28,000. Brooklyn Investment Group lifted its stake in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. Quest Partners LLC bought a new stake in FOX in the third quarter worth $51,000. Quarry LP acquired a new position in FOX during the third quarter worth $70,000. Finally, Versant Capital Management Inc raised its holdings in FOX by 3,551.1% during the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after buying an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on FOXA shares. Bank of America upped their price target on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Macquarie reiterated a “neutral” rating and set a $43.00 price target on shares of FOX in a report on Tuesday, November 5th. Barclays boosted their price objective on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. TD Cowen raised their target price on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, UBS Group boosted their target price on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.19.

Insider Activity

In related news, 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $58.00 on Tuesday. Fox Co. has a one year low of $28.28 and a one year high of $58.38. 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 business has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $45.68. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 1.27 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

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.