Oregon Public Employees Retirement Fund Has $923,000 Holdings in Fox Co. (NASDAQ:FOXA)

Oregon Public Employees Retirement Fund lessened its position in shares of Fox Co. (NASDAQ:FOXA) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,994 shares of the company’s stock after selling 270 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in FOX were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Denali Advisors LLC acquired a new stake in shares of FOX during the 4th quarter worth approximately $804,000. Howard Capital Management Inc. boosted its stake in FOX by 0.5% in the 4th quarter. Howard Capital Management Inc. now owns 105,337 shares of the company’s stock valued at $5,117,000 after buying an additional 557 shares in the last quarter. Callan Capital LLC boosted its stake in FOX by 7.4% in the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock valued at $262,000 after buying an additional 371 shares in the last quarter. Cypress Capital LLC acquired a new stake in FOX in the 4th quarter valued at $961,000. Finally, Greystone Financial Group LLC boosted its stake in FOX by 2.0% in the 4th quarter. Greystone Financial Group LLC now owns 206,318 shares of the company’s stock valued at $10,023,000 after buying an additional 3,997 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Up 2.1 %

FOXA stock opened at $57.60 on Friday. The company has a market cap of $26.12 billion, a P/E ratio of 12.33, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a twelve month low of $28.28 and a twelve month high of $58.38. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $51.67 and a 200-day moving average of $46.14.

FOX (NASDAQ:FOXA) last released its 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. The company had revenue of $5.08 billion during 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 firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities 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 will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. Guggenheim boosted their price target on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. UBS Group boosted their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen lifted their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, FOX has an average rating of “Hold” and an average target price of $51.19.

Insider Activity at FOX

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 stock was 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 directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s 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 transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was 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 corporate insiders.

About FOX

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.