DekaBank Deutsche Girozentrale Decreases Stock Holdings in Fox Co. (NASDAQ:FOXA)

DekaBank Deutsche Girozentrale reduced its position in Fox Co. (NASDAQ:FOXA) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,135 shares of the company’s stock after selling 2,436 shares during the period. DekaBank Deutsche Girozentrale’s holdings in FOX were worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in FOX during the 4th quarter valued at about $82,385,000. Northern Trust Corp raised its position in shares of FOX by 67.8% in the 3rd quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after purchasing an additional 2,279,923 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of FOX by 288.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,893,374 shares of the company’s stock valued at $64,375,000 after purchasing an additional 1,405,914 shares during the last quarter. Barclays PLC boosted its stake in FOX by 133.1% in the 2nd quarter. Barclays PLC now owns 2,127,176 shares of the company’s stock worth $72,323,000 after purchasing an additional 1,214,426 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in FOX during the 4th quarter worth approximately $26,977,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ:FOXA opened at $30.09 on Friday. The business’s 50 day moving average price is $30.15 and its 200-day moving average price is $30.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The firm has a market capitalization of $14.29 billion, a PE ratio of 17.80, a P/E/G ratio of 0.40 and a beta of 0.78. Fox Co. has a 1 year low of $28.28 and a 1 year high of $35.40.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company earned $0.48 EPS. FOX’s revenue was down 8.1% compared to the same quarter last year. As a group, equities research analysts expect that Fox Co. will post 3.28 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a dividend of $0.26 per share. This represents a yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX’s payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 8th. Macquarie increased their price objective on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, TheStreet downgraded FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.40.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.