Fox Co. (NASDAQ:FOXA) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 7.2% during the fourth quarter, HoldingsChannel reports. The fund owned 36,240 shares of the company’s stock after selling 2,823 shares during the quarter. Xponance Inc.’s holdings in FOX were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp boosted its holdings in 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 buying an additional 2,279,923 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in FOX by 39.9% during the third quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after buying an additional 688,193 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FOX by 42.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock worth $71,239,000 after buying an additional 684,280 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in FOX by 66.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock worth $46,935,000 after buying an additional 632,522 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in 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 buying an additional 97,922 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

Shares of FOXA opened at $31.71 on Thursday. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40. The company has a market capitalization of $15.06 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78. The stock has a fifty day moving average of $30.29 and a two-hundred day moving average of $30.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29.

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

FOX Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on FOXA. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Rosenblatt Securities reissued a “neutral” rating and set a $34.00 price objective on shares of FOX in a report on Monday, April 15th. Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Wells Fargo & Company reduced their price target 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. Finally, Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.40.

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.