Cerity Partners LLC Acquires 5,293 Shares of Fox Co. (NASDAQ:FOXA)

Cerity Partners LLC increased its position in Fox Co. (NASDAQ:FOXA) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,254 shares of the company’s stock after acquiring an additional 5,293 shares during the quarter. Cerity Partners LLC’s holdings in FOX were worth $512,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FOXA. Northern Trust Corp raised its holdings in FOX by 67.8% in the 3rd quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock worth $175,993,000 after acquiring an additional 2,279,923 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in FOX in the 3rd quarter worth $27,780,000. Allspring Global Investments Holdings LLC raised its holdings in FOX by 269.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 996,333 shares of the company’s stock worth $31,086,000 after acquiring an additional 726,672 shares during the period. Great Lakes Advisors LLC raised its holdings in FOX by 39.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after acquiring an additional 688,193 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in FOX by 42.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock worth $71,239,000 after acquiring an additional 684,280 shares during the period. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

FOXA opened at $31.71 on Thursday. 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 company has a market cap of $15.06 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78. The firm has a 50 day simple moving average of $30.29 and a 200 day simple moving average of $30.40. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40.

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

FOX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Macquarie lifted their target price on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup upgraded shares of FOX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Finally, TheStreet lowered shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.40.

About FOX

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.