Daiwa Securities Group Inc. Has $815,000 Stock Position in Fox Co. (NASDAQ:FOXA)

Daiwa Securities Group Inc. lowered its stake in Fox Co. (NASDAQ:FOXA) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,470 shares of the company’s stock after selling 491 shares during the period. Daiwa Securities Group Inc.’s holdings in FOX were worth $815,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of FOXA. Global Retirement Partners LLC grew its stake in FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after buying an additional 845 shares during the last quarter. MV Capital Management Inc. grew its position in shares of FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after purchasing an additional 379 shares in the last quarter. ING Groep NV acquired a new position in shares of FOX during the 3rd quarter worth approximately $58,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of FOX during the 4th quarter worth approximately $76,000. Finally, V Square Quantitative Management LLC grew its position in shares of FOX by 220.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,736 shares of the company’s stock worth $179,000 after purchasing an additional 3,948 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FOXA has been the topic of a number of analyst reports. Macquarie increased their target price on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research 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. Wolfe Research upgraded shares of FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Rosenblatt Securities restated a “neutral” rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Finally, Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, FOX currently has an average rating of “Hold” and an average price target of $33.40.

FOX Stock Performance

Shares of FOX stock opened at $31.68 on Friday. The company has a market cap of $15.04 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78. 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 $30.31 and a 200-day moving average of $30.41. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities research analysts forecast that Fox Co. will post 3.19 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a $0.26 dividend. This represents a yield of 1.8%. The ex-dividend date 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.