Oregon Public Employees Retirement Fund Has $923,000 Stock Position in Fox Co. (NASDAQ:FOXA)

Oregon Public Employees Retirement Fund decreased its stake in Fox Co. (NASDAQ:FOXA) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,994 shares of the company’s stock after selling 270 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FOX were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Callan Capital LLC boosted its position in shares of FOX by 7.4% in the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock valued at $262,000 after purchasing an additional 371 shares during the period. Crossmark Global Holdings Inc. boosted its position in 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 acquiring an additional 385 shares during the period. Ritholtz Wealth Management boosted its position in FOX by 4.1% during the 4th quarter. Ritholtz Wealth Management now owns 10,104 shares of the company’s stock worth $491,000 after acquiring an additional 399 shares during the period. Kathmere Capital Management LLC boosted its position in FOX by 9.0% during the 4th quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company’s stock worth $255,000 after acquiring an additional 431 shares during the period. Finally, Brooklyn Investment Group boosted its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Up 2.1 %

Shares of FOXA stock opened at $57.60 on Friday. The stock’s 50 day simple moving average is $51.67 and its 200 day simple moving average is $46.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a twelve month low of $28.28 and a twelve month high of $58.38. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.27 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.78 billion. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FOXA shares. Macquarie restated a “neutral” rating and set a $43.00 price objective on shares of FOX in a research report on Tuesday, November 5th. Bank of America raised their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup raised their price objective on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, Barclays raised their price target on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. One equities 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. According to data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average target price of $51.19.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 directly 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 SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

About FOX

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.