Fox Co. (NASDAQ:FOXA) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC lowered its stake in Fox Co. (NASDAQ:FOXA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,528 shares of the company’s stock after selling 640 shares during the quarter. 44 Wealth Management LLC’s holdings in FOX were worth $511,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FOXA. Callan Capital LLC raised its position in FOX by 7.4% in the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after acquiring an additional 371 shares in the last quarter. Cypress Capital LLC bought a new stake in FOX in the fourth quarter worth about $961,000. Greystone Financial Group LLC raised its position in FOX by 2.0% in the fourth quarter. Greystone Financial Group LLC now owns 206,318 shares of the company’s stock worth $10,023,000 after acquiring an additional 3,997 shares in the last quarter. Allianz Asset Management GmbH raised its position in FOX by 3,077.5% in the fourth quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock worth $43,016,000 after acquiring an additional 857,609 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in FOX by 184.1% in the fourth quarter. Handelsbanken Fonder AB now owns 41,704 shares of the company’s stock worth $2,026,000 after acquiring an additional 27,024 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

FOXA has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Evercore ISI upgraded FOX to a “hold” rating in a report on Tuesday, November 5th. One research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.19.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Price Performance

Shares of FOXA opened at $56.95 on Friday. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $58.12. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business’s 50-day moving average is $50.83 and its 200-day moving average is $45.51.

FOX (NASDAQ:FOXA) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion for 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 prior year, the company earned $0.34 EPS. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is 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.