Fox Co. (NASDAQ:FOXA) Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of Fox Co. (NASDAQ:FOXA) by 10.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 224,568 shares of the company’s stock after selling 25,769 shares during the period. New York State Common Retirement Fund’s holdings in FOX were worth $6,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in shares of FOX by 67.8% in 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 in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of FOX during the 3rd quarter valued at $27,780,000. Allspring Global Investments Holdings LLC raised its stake in shares of 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 buying an additional 726,672 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of FOX by 39.9% in the third quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock valued at $75,324,000 after buying an additional 688,193 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 valued at $71,239,000 after buying an additional 684,280 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Stock Up 1.4 %

NASDAQ:FOXA opened at $32.11 on Friday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.42 and a beta of 0.77. 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 business’s fifty day moving average price is $30.43 and its 200 day moving average price is $30.42.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Fox Co. will post 3.18 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued 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 is currently 30.77%.

Analyst Ratings Changes

A number of brokerages have weighed in on FOXA. Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 price target on shares of FOX in a report on Monday, April 15th. TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Wells Fargo & Company dropped their price target on FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 8th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Macquarie boosted their target price on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. One 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.