Fox Co. (NASDAQ:FOXA) Holdings Lowered by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its stake in Fox Co. (NASDAQ:FOXA) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,851 shares of the company’s stock after selling 14,884 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in FOX were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brandywine Global Investment Management LLC increased its position in shares of FOX by 3.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 471,271 shares of the company’s stock worth $22,894,000 after acquiring an additional 13,642 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after purchasing an additional 368 shares in the last quarter. Schroder Investment Management Group raised its stake in FOX by 240.9% during the 4th quarter. Schroder Investment Management Group now owns 243,061 shares of the company’s stock valued at $11,871,000 after purchasing an additional 171,763 shares during the period. WealthTrak Capital Management LLC purchased a new stake in shares of FOX in the fourth quarter valued at $26,000. Finally, Allstate Corp acquired a new stake in shares of FOX in the fourth quarter worth $248,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Down 1.4 %

Shares of FOXA stock opened at $55.82 on Wednesday. The business’s 50 day moving average is $54.02 and its two-hundred day moving average is $48.33. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12 month low of $30.02 and a 12 month high of $58.74. The company has a market cap of $25.31 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

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

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is currently 11.56%.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % 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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. UBS Group increased their price target 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. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a “buy” rating in a research report on Tuesday, February 4th. Loop Capital increased their target price on shares of FOX from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America boosted their price target on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, FOX currently has a consensus rating of “Hold” and an average target price of $51.56.

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.