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

Unigestion Holding SA lowered its holdings in Fox Co. (NASDAQ:FOXA) by 37.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of FOX during the fourth quarter worth approximately $132,161,000. Jupiter Asset Management Ltd. bought a new position in FOX during the 4th quarter valued at $67,471,000. Robeco Institutional Asset Management B.V. grew its holdings in FOX by 308.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after acquiring an additional 919,883 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock worth $43,016,000 after purchasing an additional 857,609 shares during the last quarter. Finally, KBC Group NV raised 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 valued at $115,022,000 after purchasing an additional 851,127 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FOXA shares. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barclays boosted their price target on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Guggenheim restated a “buy” rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Citigroup boosted their target price on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. 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. According to MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $51.56.

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were 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. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Trading Down 4.1 %

Shares of FOXA stock opened at $49.73 on Monday. The firm has a market capitalization of $22.55 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 1 year low of $30.02 and a 1 year high of $58.74. The stock has a fifty day moving average of $54.27 and a two-hundred day moving average of $48.60.

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

FOX Dividend Announcement

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

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.