Fox Co. (NASDAQ:FOXA) Shares Sold by Unigestion Holding SA

Unigestion Holding SA reduced its stake in shares of Fox Co. (NASDAQ:FOXA) by 37.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,010 shares of the company’s stock after selling 7,153 shares during the period. Unigestion Holding SA’s holdings in FOX were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FOXA. FMR LLC grew its position in FOX by 9.0% during the third quarter. FMR LLC now owns 554,019 shares of the company’s stock worth $23,452,000 after buying an additional 45,531 shares during the period. Quarry LP purchased a new stake in shares of FOX during the 3rd quarter worth approximately $70,000. Quantinno Capital Management LP grew its holdings in shares of FOX by 18.1% in the 3rd quarter. Quantinno Capital Management LP now owns 126,941 shares of the company’s stock worth $5,373,000 after acquiring an additional 19,421 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in shares of FOX by 220.9% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 107,631 shares of the company’s stock worth $4,556,000 after acquiring an additional 74,095 shares during the period. Finally, iA Global Asset Management Inc. increased its stake in FOX by 241,314.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 16,899 shares of the company’s stock valued at $715,000 after purchasing an additional 16,892 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOXA has been the topic of several research reports. Barclays upped their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Guggenheim restated a “buy” rating and set a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Citigroup increased their price target on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. One 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. According to data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and a consensus target price of $51.56.

FOX Trading Down 4.1 %

Shares of FOXA stock opened at $49.73 on Monday. The firm’s 50-day simple moving average is $54.27 and its 200-day simple moving average is $48.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 1-year low of $30.02 and a 1-year high of $58.74. The firm has a market cap of $22.55 billion, a P/E ratio of 10.65, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $0.34 earnings per share. FOX’s revenue was up 19.9% on a year-over-year basis. As a group, equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

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.