Mutual of America Capital Management LLC Has $2.06 Million Position in Fox Co. (NASDAQ:FOXA)

Mutual of America Capital Management LLC lowered its holdings in shares of Fox Co. (NASDAQ:FOXA) by 7.3% during the fourth quarter, HoldingsChannel reports. The firm owned 69,249 shares of the company’s stock after selling 5,459 shares during the quarter. Mutual of America Capital Management LLC’s holdings in FOX were worth $2,055,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FOXA. Norges Bank acquired a new stake in shares of FOX during the fourth quarter worth about $82,385,000. Northern Trust Corp raised its position in shares of FOX by 67.8% during the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock worth $175,993,000 after purchasing an additional 2,279,923 shares during the period. Goldman Sachs Group Inc. raised its position in shares of FOX by 288.4% during the second quarter. Goldman Sachs Group Inc. now owns 1,893,374 shares of the company’s stock worth $64,375,000 after purchasing an additional 1,405,914 shares during the period. Barclays PLC raised its position in shares of FOX by 133.1% during the second 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 during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of FOX during the fourth quarter worth about $26,977,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FOXA. Wells Fargo & Company dropped their target price on FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Thursday, February 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 target price on shares of FOX in a research report on Monday, April 15th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Finally, Macquarie lifted their target price on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, FOX currently has an average rating of “Hold” and an average price target of $33.40.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $31.39 on Friday. 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 stock’s fifty day moving average price is $30.20 and its two-hundred day moving average price is $30.38. Fox Co. has a one year low of $28.28 and a one year high of $35.40. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA) last released its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.24. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. FOX’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities analysts forecast that Fox Co. will post 3.19 EPS for the current year.

FOX Announces Dividend

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

FOX 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.