Fox Co. (NASDAQ:FOXA) Position Trimmed by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 730,662 shares of the company’s stock after selling 39,305 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in FOX were worth $21,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FOXA. Lecap Asset Management Ltd. bought a new position in shares of FOX during the fourth quarter worth about $213,000. Louisiana State Employees Retirement System bought a new position in shares of FOX during the fourth quarter worth about $442,000. Cerity Partners LLC grew its position in shares of FOX by 44.3% during the fourth quarter. Cerity Partners LLC now owns 17,254 shares of the company’s stock worth $512,000 after acquiring an additional 5,293 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of FOX by 9.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,094,255 shares of the company’s stock worth $32,467,000 after acquiring an additional 97,922 shares during the last quarter. Finally, Integrated Investment Consultants LLC grew its position in shares of FOX by 29.6% during the fourth quarter. Integrated Investment Consultants LLC now owns 38,030 shares of the company’s stock worth $1,128,000 after acquiring an additional 8,687 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Macquarie upped their price objective on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $34.00 price objective on shares of FOX in a report on Monday, April 15th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.40.

FOX Stock Performance

NASDAQ:FOXA opened at $31.39 on Monday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $30.20 and a 200-day moving average of $30.38. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping 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 period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts forecast that Fox Co. will post 3.19 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, March 5th. FOX’s payout ratio 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.