Fox Co. (NASDAQ:FOXA) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in Fox Co. (NASDAQ:FOXA) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,014 shares of the company’s stock after selling 224 shares during the quarter. New York Life Investment Management LLC’s holdings in FOX were worth $1,410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOXA. State of Alaska Department of Revenue increased its holdings in FOX by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,096 shares of the company’s stock worth $1,104,000 after buying an additional 955 shares during the period. US Bancorp DE grew its stake in shares of FOX by 4.0% during the 3rd quarter. US Bancorp DE now owns 14,239 shares of the company’s stock worth $603,000 after purchasing an additional 550 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of FOX by 7.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 298,187 shares of the company’s stock worth $12,622,000 after purchasing an additional 21,326 shares during the period. Principal Financial Group Inc. grew its stake in shares of FOX by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company’s stock worth $12,320,000 after purchasing an additional 1,178 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of FOX by 1.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after purchasing an additional 385 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Down 1.0 %

Shares of FOXA stock opened at $57.03 on Tuesday. The stock’s fifty day moving average is $51.82 and its two-hundred day moving average is $46.32. 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 capitalization of $25.86 billion, a P/E ratio of 12.21, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $58.74.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business 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 of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FOXA shares. Guggenheim raised their price objective on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Macquarie reaffirmed a “neutral” rating and set a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Bank of America increased their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays increased their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.19.

Insider Transactions at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.