Fox Co. (NASDAQ:FOXA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in shares of Fox Co. (NASDAQ:FOXA) by 43.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,016 shares of the company’s stock after selling 6,097 shares during the period. Mackenzie Financial Corp’s holdings in FOX were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its holdings 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 valued at $175,993,000 after acquiring an additional 2,279,923 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in FOX in the 3rd quarter valued at $27,780,000. Allspring Global Investments Holdings LLC lifted 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 valued at $31,086,000 after purchasing an additional 726,672 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in FOX by 39.9% during the 3rd quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after purchasing an additional 688,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Down 1.5 %

Shares of NASDAQ:FOXA opened at $31.21 on Monday. The business has a 50-day moving average price of $30.33 and a 200 day moving average price of $30.40. Fox Co. has a 12-month low of $28.28 and a 12-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 market capitalization of $14.82 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue was down 8.1% on a year-over-year basis. Sell-side analysts expect that Fox Co. will post 3.18 EPS for the current year.

FOX Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FOXA shares. Wolfe Research raised shares of FOX from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Rosenblatt Securities restated a “neutral” rating and set a $34.00 target price on shares of FOX in a report on Monday, April 15th. TheStreet cut FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Wells Fargo & Company dropped their target price on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Finally, Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $33.40.

FOX Company 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.