Quantbot Technologies LP Sells 113,377 Shares of Fox Co. (NASDAQ:FOXA)

Quantbot Technologies LP lessened its holdings in shares of Fox Co. (NASDAQ:FOXA) by 47.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,298 shares of the company’s stock after selling 113,377 shares during the quarter. Quantbot Technologies LP’s holdings in FOX were worth $6,136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. Pacer Advisors Inc. grew its stake in shares of FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after acquiring an additional 425,186 shares in the last quarter. Amundi grew its stake in shares of FOX by 9.9% in the 4th quarter. Amundi now owns 2,434,443 shares of the company’s stock worth $119,006,000 after acquiring an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FOX by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock worth $117,458,000 after acquiring an additional 37,505 shares in the last quarter. KBC Group NV grew its stake in shares of FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after acquiring an additional 851,127 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in shares of FOX by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company’s stock worth $82,028,000 after acquiring an additional 49,365 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ FOXA opened at $52.28 on Friday. Fox Co. has a fifty-two week low of $29.29 and a fifty-two week high of $58.74. 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 business’s 50 day moving average price is $52.67 and its 200-day moving average price is $47.09. The company has a market cap of $23.71 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for 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 was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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 paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FOXA has been the subject of several recent analyst reports. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their price objective on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Wells Fargo & Company upped their price objective on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Moffett Nathanson downgraded shares of FOX from a “buy” rating to a “neutral” rating and increased their price target for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, FOX presently has a consensus rating of “Hold” and a consensus price target of $51.19.

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.