Fox Co. (NASDAQ:FOXA) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its holdings in Fox Co. (NASDAQ:FOXA) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,462,211 shares of the company’s stock after selling 113,630 shares during the period. Yacktman Asset Management LP owned 0.54% of FOX worth $119,614,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its stake in shares of FOX by 44,205.3% in the 3rd quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock valued at $335,066,000 after purchasing an additional 7,897,710 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in FOX by 228.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock valued at $58,716,000 after buying an additional 964,737 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after buying an additional 919,883 shares during the period. KBC Group NV increased its position in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after acquiring an additional 851,127 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in shares of FOX by 244.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock valued at $16,486,000 after acquiring an additional 276,259 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $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. Corporate insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on FOXA shares. Citigroup lifted their target price on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. TD Cowen increased their target price on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their target price on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, FOX has an average rating of “Hold” and a consensus price target of $50.19.

FOX Trading Up 0.9 %

NASDAQ FOXA opened at $53.25 on Tuesday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.56. The company has a market capitalization of $24.32 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33. The firm’s fifty day moving average price is $49.03 and its 200 day moving average price is $44.30.

FOX (NASDAQ:FOXA) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 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 analysts’ expectations 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 previous year, the firm earned $0.34 earnings per share. On average, sell-side analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given 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 (DPR) is presently 11.56%.

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.